Browsing Arbeidsnotater / Working Papers by Author "Debortoli, Davide"
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Loose Commitment in Medium-Scale Macroeconomic Models: Theory and an Application
Debortoli, Davide; Maih, Junior; Nunes, Ricardo (Working Papers;25/2010, Working paper, 2010)This paper proposes a method and a toolkit for solving optimal policy with imperfect commitment in linear quadratic models. As opposed to the existing literature, our method can be employed in medium- and large-scale models ...