Precautionary policies

Carl Walsh

FRBSF Economic Letter, 2004, issue feb.13

Abstract: The research literature in economics has explored the task of decision making under uncertainty and has developed theories about \\"precautionary\\" policies and \\"robust\\" policies. This Economic Letter summarizes some of the latest results and debates in this literature.

Keywords: Forecasting; Monetary policy; Risk (search for similar items in EconPapers)
Date: 2004
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