Elements of a Theory of Design Limits to Optimal Policy
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下载链接：
https://www.nber.org/papers/w10495
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资源简介：
This paper presents a framework for understanding the limits that exist in optimal policy design in dynamic contexts. We consider the design of policies in the context of dynamic linear models. Fundamental design limits exist for policy rules in such environments in the sense that any policy rule
提供机构：
美国国家经济研究局
创建时间：
2004-05-01
