Browsing Department of Economics by Subject "JEL Classification Number:"
Now showing items 1-3 of 3
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(Vanderbilt University, 2002)For exchange economies with classical economic preferences, it is shown that any strategy-proof social choice function that selects Pareto optimal outcomes cannot guarantee everyone a consumption bundle bounded away from ...
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(Vanderbilt University, 2008)This paper develops an open economy DSGE model with an emphasis on trade costs to evaluate the performance of the Bank of Canada in the Canadian inflation targeting experience. For model parametrization, the New-Keynesian ...
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(Vanderbilt University, 2008)Both subgame-perfect equilibrium and weak-perfect Bayesian equilibrium impose rationality at information sets that are irrelevant for a sequentially rational outcome. In this paper, for each of these equilibrium concepts, ...