| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w14357 |
| 来源ID | Working Paper 14357 |
| Design Limits and Dynamic Policy Analysis | |
| William A. Brock; Steven N. Durlauf; Giacomo Rondina | |
| 发表日期 | 2008-09-19 |
| 出版年 | 2008 |
| 语种 | 英语 |
| 摘要 | This paper characterizes the frequency domain properties of feedback control rules in linear systems in order to better understand how different policies affect outcomes frequency by frequency. We are especially concerned in understanding how reductions of variance at some frequencies induce increases in variance at others. Tradeoffs of this type are known in the control literature as design limits. Design limits are important in understanding the full range of effects of macroeconomic stabilization policies. We extend existing results to account for discrete time bivariate systems with rational expectations. Application is made to the evaluation of monetary policy rules. |
| 主题 | Microeconomics ; Mathematical Tools ; Macroeconomics ; Monetary Policy |
| URL | https://www.nber.org/papers/w14357 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/572031 |
| 推荐引用方式 GB/T 7714 | William A. Brock,Steven N. Durlauf,Giacomo Rondina. Design Limits and Dynamic Policy Analysis. 2008. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w14357.pdf（303KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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