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This paper presents techniques to solve for optimal simple monetary policy rules in rational expectations models, assuming discretion. The techniques described are notable for the flexibility they ...
This article describes three approximation methods I used to solve the growth model (Model 1) studied by the National Bureau of Economic Research's nonlinear rational-expectations-modeling group ...
This is equivalent to the following result: If all critical points of a rational function lie on a circle in the Riemann sphere (for example, on the real line), then the function maps this circle into ...