Optimal Policy with Low-Probability Extreme Events
收藏NBER2003-12-01 更新2025-01-04 收录
下载链接：
https://www.nber.org/papers/w10196
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资源简介：
The optimal policy response to a low-probability extreme event is examined. A simple policy problem is solved for a sequence of different loss functions: quadratic, combined quadratic/absolute-deviation, absolute-deviation, combined quadratic/constant, and perfectionist. The paper shows that, under
提供机构：
美国国家经济研究局
创建时间：
2003-12-01
