Bigio, Saki - Banco Central de Reserva del Perú - 2009
, Policy Experimentation, Robustness,
JEL Classi cation: C11,E44,E58,F31,F33
Saki Bigio: sbigio@nyu.edu. We wish to thank Dave … of policy
experimentation in closed economies. Among these papers, Ellison, Sarno and Vilmunen
(2007) is the closest to … would have been
too fast even without experimentation.
8In a related paper, Bigio and Vega (2006), study wether intentional …