Rules Rather than Discretion: The Inconsistency of Optimal Plans

Kydland, Finn E.; Prescott, Edward C.

doi:10.1086/260580

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Rules Rather than Discretion: The Inconsistency of Optimal Plans

Author(s): Finn E. Kydland , Edward C. Prescott

Publication date Created: June 1977

Publication date (Print): June 1977

Journal: Journal of Political Economy

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Title: Journal of Political Economy

Abbreviated Title: Journal of Political Economy

ISSN (Print): 0022-3808

ISSN (Electronic): 1537-534X

Publication date Created: June 1977

Publication date (Print): June 1977

Volume: 85

Issue: 3

Pages: 473-491

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DOI: 10.1086/260580

SO-VID: 12a81eaa-c919-4fb8-b9a9-fb8394fee1e4

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Rules Rather than Discretion: The Inconsistency of Optimal Plans

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