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CEP Discussion Paper
Estimating Bayesian Decision Problems with Heterogeneous Priors Stephen Hansen and Michael McMahon
May 2013
Paper No' CEPDP1211:
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JEL Classification: D72; D81; C13


Tags: bayesian decision making; expertise; preferences; estimation

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CEP Discussion Paper
The Household Effects of Government Spending Francesco Giavazzi and Michael McMahon
February 2012
Paper No' CEPDP1120:
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JEL Classification: E62; E21; E24; D12


Tags: fiscal policy; psid; household consumption; labor supply

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CEP Discussion Paper
First Impressions Matter: Signalling as a Source of Policy Dynamics Stephen Hansen and Michael McMahon
September 2011
Paper No' CEPDP1074:
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JEL Classification: D78; E52


Tags: signalling; learning; monetary policy

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CEP Discussion Paper
How Experts Decide: Identifying Preferences versus Signals from Policy Decisions Stephen Hansen and Michael McMahon
July 2011
Paper No' CEPDP1063:
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JEL Classification: D81; D82; E52


Tags: bayesian decision making; committees; monetary policy

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CEP Discussion Paper
Policy Uncertainty and Precautionary Savings Francesco Giavazzi and Michael F. McMahon
April 2008
Paper No' CEPDP0863:
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JEL Classification: E21; H55


Tags: pension reform; precautionary saving; uncertainty; germany

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CEP Discussion Paper
Delayed Doves: MPC Voting Behaviour of Externals Stephen Hansen and Michael F. McMahon
April 2008
Paper No' CEPDP0862:
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JEL Classification: E58 ;D71


Tags: monetary policy committee (mpc); bank of england; committee voting; signalling