Article ID Journal Published Year Pages File Type
5062692 Economics Letters 2006 5 Pages PDF
Abstract

The practise of evaluating feedback rules in stochastic models using marginal distributions implies the loss of considerable information. It is possible to use the full joint density function. This is illustrated by analysing three rules in a large stochastic model.

Keywords
Related Topics
Social Sciences and Humanities Economics, Econometrics and Finance Economics and Econometrics
Preview
Evaluating policy feedback rules using the joint density function of a stochastic model
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