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independent from whether the preference for robustness is global or restricted to local perturbations around some reference model. …
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common approximating model is created the agents have different interests and different concerns about robustness. 4 … interesting not only for macroeconomists who seek to improve the robustness of decision making process but also for control …. Interpretation of the simple algorithm. Robustness and discounting in a permanent income model. The LQ permanent income model …
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