Uncertainty and the Effectiveness of Policy

Brainard, W. C. (1967). Uncertainty and the Effectiveness of Policy. American Economic Review, 411-425.

Type

Journal article

Intellectual base

Primary research

Year

1967

Link

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Cited by

1 citation across 1 artifact.

Domain-specific

• Multiplier Uncertainty
  • This differs structurally from not knowing the future shock: uncertainty in \(a\) makes the dispersion of the outcome depend on the magnitude of the policy action itself.

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