Discretionary Policy and Multiple Equilibria
收藏NBER2006-03-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w12076
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资源简介：
Discretionary policymaking can foster strategic complementarities between private sector decisions, thus leading to multiple equilibria. This article studies a simple example, originating with Kydland and Prescott, of a government which must decide whether to build a dam to prevent adverse effects
提供机构：
美国国家经济研究局
创建时间：
2006-03-01
