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
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
Journal title :
Economics Letters