Showing 1 - 6 of 6
Persistent link: https://www.econbiz.de/10003486025
Persistent link: https://www.econbiz.de/10003502073
The Ramsey approach to policy analysis finds the best competitive equilibrium given available instruments but is silent about how to get there uniquely. Many ways of specifying monetary policy lead to indeterminacy. Sophisticated policies do not. They depend on the history of past actions and...
Persistent link: https://www.econbiz.de/10003722989
Persistent link: https://www.econbiz.de/10003722993
Persistent link: https://www.econbiz.de/10001717174
Persistent link: https://www.econbiz.de/10001576044