منابع مشابه
The Role of Credit in a Keynesian Monetary Economy the Role of Credit in a Keynesian Monetary Economy
These Working papers collect the work of the Faculty of Economics of the University of Insubria. The publication of work by other Authors can be proposed by a member of the Faculty, provided that the paper has been presented in public. The name of the proposer is reported in a footnote. The views expressed in the Working papers reflect the opinions of the Authors only, and not necessarily the o...
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Since Keynes no economist would deny that expectations under uncertain conditions matter for the conduct of monetary policy, but still opinions about their formation are diverse. We build a hybrid New Keynesian Framework to analyze the inuence of model uncertainty on optimal interest rates under di¤erent degrees of rational forward-looking behavior, using recently developed robust control tech...
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We propose a new approach to the normative analysis of public-good provision in a large economy. Our analysis is based on a mechanism design approach that involves a requirement of coalition-proofness, as well as a requirement of robustness, so that the mechanism must not depend on specific assumptions about individual beliefs. Our main result shows that such a mechanism can condition only on t...
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ژورنال
عنوان ژورنال: Economica
سال: 1983
ISSN: 0013-0427
DOI: 10.2307/2553971