Econometrica: Sep 2014, Volume 82, Issue 5
Fiscal Rules and Discretion under Persistent Shocks
Marina Halac and Pierre Yared
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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.