Decision Making in Multi-Fiscal and Multi-Monetary Policy Measurements
نویسنده
چکیده
Abstract – This paper presents a multiresolution-economic model which mediates data uncertainty by providing levels of discernment for decision making. Standard monetary and fiscal policy models use national income and national output as input variables, perform a stability analysis by balancing the equations, and assess the interest rate of the economy. These models typically assume that data is accurately measured, timely, and available and drive interest-rate decisions. By exploring a multiresolution technique for daily and weekly policy updates, a datafused macroeconomic model affords economists a real-time solution for policy strategy assessment.
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