• Title of article

    Evaluating policy feedback rules using the joint density function of a stochastic model

  • Author/Authors

    R. Barrell، نويسنده , , S.G. Hall، نويسنده , , I. Hurst، نويسنده ,

  • Issue Information
    روزنامه با شماره پیاپی سال 2006
  • Pages
    5
  • From page
    1
  • To page
    5
  • 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
    Feedback rules , Joint density , Policy evaluation
  • Journal title
    Economics Letters
  • Serial Year
    2006
  • Journal title
    Economics Letters
  • Record number

    436034