This paper presents techniques to solve for optimal simple monetary policy rules in rational expectations models. Both the pre-commitment and the discretionary solutions are considered. The techniques described are notable for the flexibility they provide over the structure of the policy rule being solved for. Specifically, not all state variables need enter the rule. This allows rules optimal,...

Abstract The article examines an unpublished apocryphal prayer against “nezhit” and traces the tradition of its origin in South Slavic medieval literature. begins “7 angels 7 archangels walked, candles carried, knives sharpened …”. disease is, generally speaking, a severe headache, which, according to Christian beliefs, develops into obscure associated with possession demonic powers. In prayer,...

This article explores the idea of violence and peace in Christian theology. In particular, it considers as comprised antagonism alienation, ultimately a ‘pagan’ celebration war death. Even famed pax Romana is itself violent suppression violence. Drawing on Augustine, contrasts this with ontological peace—the harmonious ordering fellowship difference between God humanity, or what John Milbank ca...

Pagan and Shannon's (1985) widely used approach employs local linearizations of a system of non-linear equations to obtain asymptotic distributions for the endogenous parameters (such as prices) from distributions over the exogenous parameters (such as estimates of taste, technology, or policy variables, for example). However, this approach ignores both the possibility of multiple equilibria as...