Barro-Gordon revisited: Reputational equilibria with inferential expectations

Timo Henckel, Gordon D. Menzies, Nick Prokhovnik, Daniel J. Zizzo

Research output: Contribution to journalArticlepeer-review

3 Citations (Scopus)


We incorporate inferential expectations into the Barro–Gordon model (Barro and Gordon, 1983a) of time inconsistency and consider reputational equilibria. The range of sustainable equilibria shrinks as the private sector becomes more belief-conservative.
Original languageEnglish
Pages (from-to)144-147
Number of pages4
JournalEconomic Letters
Issue number2
Publication statusPublished - 2011

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