Buy custom Prescott, Kydland Win Nobel Prize Summary
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What their studies found came in a paper written in 1977 called: "Rules Rather than Discretion: The Inconsistency of the Optimal Plans." In their paper Prescott and Kydland took a fine look at how, "government policy makers invited long-term problems when they strayed from their goals to address short-run problems...
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What their studies found came in a paper written in 1977 called: "Rules Rather than Discretion: The Inconsistency of the Optimal Plans." In their paper Prescott and Kydland took a fine look at how, "government policy makers invited long-term problems when they strayed from their goals to address short-run problems...
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General points of the essay
Black Studies Paper
1977 DBQ
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Prescott, Kydland Win Nobel Prize Summary
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