| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 967197 | Journal of Monetary Economics | 2012 | 24 Pages |
Abstract
⺠We study Ramsey problems in which a planner confronts three types of ambiguity when designing economic policy rules. ⺠We use martingales to characterize alternative probability specifications and to specify formally three types of ambiguity. ⺠We adopt recursive formulations for three related commitment problems in which a Ramsey planner seeks to be robust.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Lars Peter Hansen, Thomas J. Sargent,