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Optimal government policy : a refutation of claims that optimal policy may be time inconsistent
Specifically, we are interested in the question of whether or not the supposed superiority of 'time inconsistent' policies vis-a-vis 'consistent' ones is correct. Given that the notion of 'inconsistency' forms the basis for the recent arguments in favour of 'rules' and against the use of control tec...
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| Language: | English |
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School of Economics
2016
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