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We develop and estimate a stylized micro-founded model of the US economy. Next we compute the parameters of a simple interest rate policy rule that maximizes the unconditional mean of utility. We show that such a welfare-based rule lies close to the Taylor efficiency frontier. A counterfactual...
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We develop and estimate a stylized micro-founded model of the US economy. Next we compute the parameters of a simple interest rate policy rule that maximizes the unconditional mean of utility. We show that such a welfare-based rule lies close to the Taylor efficiency frontier. A counterfactual...
Persistent link: https://www.econbiz.de/10011604659
Oftel has now been the regulatory agency for UK telecommunications for over 15 years. The FCC has regulated US telecoms … million with a growth in mobile subscribers from zero to 24 million. Over the same period, telecommunications revenue as a … companies; and - Ensuring fair competition - a level playing field for all operators, incumbents and new entrants. Ensuring fair …
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