The name is absent



perspective policies might usefully consider their performance alongside that of discretion,
evaluating the policies using the measure of conditional loss developed in this paper.

References

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[3] Benigno, P., and M. Woodford, (2006), “Linear-Quadratic Approximation of Optimal
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[4] Blake, A., (2001), “A ‘Timeless Perspective’ on Optimality in Forward-Looking Ratio-
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[5] Blake, A., and T. Kirsanova, (2008), “‘Wet’ or ‘Impatient’? New Perspective on Dis-
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[6] Calvo, G., (1983), “Staggered Contracts in a Utility-Maximising Framework,” Journal of
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[8] Debartoli, D., and R. Nunes, (2006), “Loose Commitment,” manuscript (version dated
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[9] Dennis, R., (2004), “Inferring Policy Objectives from Economic Outcomes,” Oxford Bul-
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[10] Dixit, A., and J. Stiglitz, (1977), “Monopolistic Competition and Optimum Product
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[11]


Eichenbaum, M., and J. Fisher, (2007), “Estimating the Frequency of Price Re-

Journal of Monetary Economics, 54(7), pp2032-


optimization in Calvo-Style Models,”
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[12] Fuhrer, J., and G. Moore, (1995), “Monetary Policy Trade-offs and the Correlation Be-
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[13] Giannoni, M., and M. Woodford, (2002a), “Optimal Interest-Rate Rules: I. General
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[14] Giannoni, M., and M. Woodford, (2002b), “Optimal Interest-Rate Rules: II. Applica-
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[15] Hansen, L., and T. Sargent, (1980), “Formulating and Estimating Dynamic Linear Ra-
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