The policy optimal from a timeless perspective
Optimal Monetary Policy Rules from a Timeless Perspective
... timelessly optimal monetary policy proposed by Woodford (2003) may be dominated by alternative timeless ...the policy criterion function recovers these alternative ...
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Computing Optimal Policy in a Timeless-Perspective: An Application to a Small-Open Economy
... Ramsey policy. In other words, the policy maker exploits an informational advantage since it knows ex-ante the decisions of the pri- vate sector before setting its ...the optimal policy is ...
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Timeless perspective vs. discretionary monetary policy in forward-looking models
... An important point is that non-zero realizations of the technology shock a t affect the McCallum- Nelson measure of y– t one-for-one, whereas many detrending procedures, used extensively by aca- demics and to some extent ...
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The timeless perspective vs. discretion: theory and monetary policy implications for an open economy
... for policy that a real exchange rate channel in the Phillips Curve ...with optimal policy from a timeless perspective in a closed economy because the target rules that govern ...
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The Timeless Perspective vs. Discretion: Theory and Monetary Policy Implications for an Open Economy
... with, policy from a timeless perspective introduces history-dependence into the conduct of monetary policy because it is based on an optimal policy rule that depends on ...
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Timeless Perspective Policymaking: When is Discretion Superior?
... other policy objectives, this volatility in real marginal costs raises the volatility of the commitments that characterize the timeless perspective policy, penalizing its ...the ...
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Discretion rather than rules? When is discretionary policy-making better than the timeless perspective?
... less perspective rule, we investigate the influence of structural and preference parameters on the performance of monetary policy both under discretion and the timeless ...the timeless ...
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The Plateau problem from the perspective of optimal transport
... Very recently, F.H. Lin [26] informed us that he gave a positive answer to (109). Acknowledgments HB thanks A. Bruckstein, L.C. Evans, R. Kimmel, F.H. Lin, E. Milman, G. Mingione and J. Rubin- stein for their ...
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Timeless
... perspective. Lunch's main theme is greed and its consequences from our actions. The main character's dissatisfaction with his sandwich is the main reason why he becomes greedy to get a tastier meal. It ...
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Congestion control algorithms from optimal control perspective
... Algorithms from Optimal Control Perspective Javad Lavaei, John ...the optimal control ...an optimal control problem on which some practical constraints, such as a real- time link ...
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Discretion vs timeless perspective under model consistent stabilization objectives
... discretionary policy-making rel- ative to that of timeless perspective should necessarily rest on a welfare-theoretic function that is consistent with the underlying structure of the model ...the ...
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Discretion vs timeless perspective under model consistent stabilization objectives
... discretionary policy-making rel- ative to that of timeless perspective should necessarily rest on a welfare-theoretic function that is consistent with the underlying structure of the model ...the ...
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Timeless perspective vs discretionary policymaking when the degree of inflation persistence is unknown
... larger policy changes under the timeless perspective than under discretionary ...two policy perspectives using the uncondtional loss function the timeless perspective generates ...
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Timeless perspective vs discretionary policymaking when the degree of inflation persistence is unknown
... larger policy changes under the timeless perspective than under discretionary ...two policy perspectives using the uncondtional loss function the timeless perspective generates ...
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Rethinking the Optimal City Size from the Perspective of the City Network
... Their empirical result manifested that the optimal size of Chinese cities is the range of 500 thousands and 2 million [4]. Likely, Xiao-Ping got a conclusion that the optimal size of Tokyo is about 18 ...
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Optimal Reinsurance Analysis from a Crop Insurer s Perspective
... In addition to having the option of participating in the federal reinsurance program, provincial crop insurance companies can also purchase reinsurance from the private rein- surance market. In 2012, five of the ...
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Optimal fiscal policy when public capital is productive: a business- cycle perspective
... Public capital is government-owned equipment, structures, and residential capital (with and without military capital) in 1987 dollars from Fixed Reproducible Tangible Wealth in the[r] ...
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Analyzing Social Policy from a Network Perspective
... of policy implementation from a network ...work policy implementation, basic network components, common structural variables, and sources of data for the study of policy ...statewide ...
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Payout Annuities - An Optimal Perspective
... return from the risk-free (T-bills) asset class is 5% per annum with no ...return from the risky asset is log-normally distributed with a mean value of 10% and a standard deviation of ...taken from ...
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George Orwell’s Animal Farm and Nineteen Eighty Four as Timeless Scenarios: A Political Perspective
... In 1984, Big Brother will not conquer the world. However, the warnings of George Orwell are more than ever relevant. Oceania, Eurasia, and Eastasia do not exist and Big Brother did not succeed in destroying individual ...
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