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
Log In To View Full Content
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.