Optimal Fiscal Adjustment under Uncertainty /
The paper offers a non-probabilistic framework for representation of uncertainty in the context of a simple linear-quadratic model of fiscal adjustment. Instead of treating model disturbances as random variables with known probability distributions, it is only assumed that they belong to some pre-sp...
| Autor principal: | |
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| Formato: | Revista |
| Lenguaje: | English |
| Publicado: |
Washington, D.C. :
International Monetary Fund,
2016.
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| Colección: | IMF Working Papers; Working Paper ;
No. 2016/069 |
| Acceso en línea: | Full text available on IMF |