Tolerance of noncompliance: Discretion rather than simple rules?
نویسندگان
چکیده
منابع مشابه
The Greenspan Era: Discretion, Rather than Rules
Policy rules . . . anticipate that key causal connections observed in the past will remain fixed over time. . . . But we have found that very often historical regularities have been disrupted by unanticipated change. . . . The evolving patterns mean that the performance of the economy under any rule, were it to be rigorously followed, would deviate from expectations. . . . In an ever changing w...
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ژورنال
عنوان ژورنال: Estudios de economía
سال: 2019
ISSN: 0718-5286
DOI: 10.4067/s0718-52862019000100031