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Finn E. Kydland, Tepper School of Business, Carnegie Mellon Edward C. Prescott, Federal Reserve Bank of Minneapolis Original Papers Kydland, F. and E. Prescott (1977), “Rules rather than discretion: The inconsistency of optimal plans”, Journal of Political Economy 85, pp. 473-490. Kydland, F. and E. Prescott (1982), “Time to build and aggregate fluctuations”, Econometrica 50,…
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