Uncertainty and the effectiveness of policy
The first two sections of this article discuss the implications of uncertainty in response to policy actions for the selection of optimal economic policy. Optimal policy in the presence of this type of uncertainty is found to differ significantly from optimal policy in a world of certainty. For exam...
Main Author: | Brainard, William |
---|---|
Format: | Book |
Published: |
Stanford, Calif.
American Economic Association
May 1967
|
Series: | American Economic Review
n. 2 |
Subjects: |
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