Pre-commitment, the Timeless Perspective, and Policymaking from Behind a Veil of Uncertainty

Preprint

1 January 2001

preprint
Published by Elsevier in SSRN Electronic Journal

https://doi.org/10.2139/ssrn.721063

Abstract

Woodford (1999) develops the notion of a timelessly optimal pre-commitment policy. This paper uses a simple business cycle model to illustrate this notion. We

Keywords

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Version 1, 2001-01-01, RePEc (Unconfirmed version)

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