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

被引：10

作者：

Barrell, R. ^{[1
]}

Hall, S. G. ^{[1
]}

Hurst, I. ^{[1
]}

机构：

[1] Univ Leicester, Dept Econ, Leicester LE1 7RH, Leics, England

来源：

ECONOMICS LETTERS | 2006年 / 93卷 / 01期

基金：

英国经济与社会研究理事会;

关键词：

feedback rules; joint density; policy evaluation;

D O I：

10.1016/j.econlet.2006.03.035

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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. (c) 2006 Elsevier B.V. All rights reserved.

引用

页码：1 / 5

页数：5

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