Econometrica: Sep 2014, Volume 82, Issue 5

Fiscal Rules and Discretion under Persistent Shocks

https://doi.org/10.3982/ECTA11207
p. 1557-1614

Marina Halac and Pierre Yared



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Supplemental Material

Supplement to "Fiscal Rules and Discretion Under Persistent Shocks"

This supplement provides proofs for our results in the extension to a continuum of types in Appendix B and describes the algorithm that we use to compute the equilibria in Section 5.3 of the paper.

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