Levine, Paul; McAdam, Peter; Pearlman, Joseph - In: European Economic Review 56 (2012) 2, pp. 246-262
probability-models approach. To ensure feasible policy, we further impose that rules are stable, determinate and lower …-bound compatible. Our results have important implications for the design, evaluation and analysis of the probability models approach to …We consider Sims's (2008) argument that robust policy making requires that policy models be treated as “probability …