Unconditionally Optimal Ramsey policy
(2017)
Working Paper
Damjanovic, T., Damjanovic, V., & Nolan, C. (2017). Unconditionally Optimal Ramsey policy
We discuss a time invariant policy which delivers the unconditionally optimal outcomes in purely forward-looking models and Ramsey outcomes in purely backward-looking models. This policy is a product of interaction between two institutions with disti... Read More about Unconditionally Optimal Ramsey policy.