Feedback and the Use of Current Information: The Use of General Linear Policy Rules in Rational Expectations Models
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https://www.nber.org/papers/w0335
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The behavior of several stochastic dynamic rational expectations models is studied when policy behavior can be described by a linear rule. Four policy components are distinguished: a current response component, a feedback component, an open-loop component and a stochastic component. Policy is
提供机构:
美国国家经济研究局
创建时间:
1979-04-01



