Econometrica: Sep 2014, Volume 82, Issue 5

Fiscal Rules and Discretion under Persistent Shocks
p. 1557-1614

Marina Halac and Pierre Yared

Log In To View Full Content

Supplemental Material

Supplement to "Fiscal Rules and Discretion Under Persistent Shocks"

This supplement provides proofs for our results in the extension to a continuum of types in Appendix B and describes the algorithm that we use to compute the equilibria in Section 5.3 of the paper.

Read More View PDF