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Journal Article
Machine Learning a Ramsey Plan
Yang, Ziyue; Sargent, Thomas J.
(2025-05-12)
We use a Python program to calculate a pair of infinite sequences of money creation and price level inflation rates that maximize a benevolent time 0 government’s quadratic objective function for a linear-quadratic version of Calvo (1978). The program computes an open-loop representation of the optimal plan and an associated monotonically declining, bounded from below sequence of continuation values whose limit is a worst continuation value that is associated with a “timeless perspective”. We run some least squares regressions on fake data to try to learn about the structure of the ...
Quarterly Review
, Volume 45
, Issue 1
Journal Article
Argentina’s Disinflation: An International and Historical Perspective
Nuñez, Franco; Di Tella, Rafael; Ottonello, Pablo
(2025-05-12)
Quarterly Review
, Volume 45
, Issue 1
Journal Article
Tariffs, Trade Wars, and the Natural Rate of Interest
Waugh, Michael E.; Mehrotra, Neil
(2025-08-27)
Quarterly Review
, Volume 45
, Issue 2
Journal Article
Openness and Growth: A Comparison of the Experiences of China and Mexico
Xu, Xing; Kehoe, Timothy J.
(2025-08-27)
Quarterly Review
, Volume 45
, Issue 2
Journal Article
Ramsey Plan for Calvo’s Model
Yang, Ziyue; Sargent, Thomas J.
(2025-11-25)
Quarterly Review
, Volume 45
, Issue 3
Journal Article
Income and Wealth Inequality in the United States: An Update Including the 2022 Wave
Ríos-Rull, José-Víctor; Kuhn, Moritz
(2025-11-25)
Quarterly Review
, Volume 45
, Issue 3
Journal Article
The Macroeconomic Causes and Consequences of Inflation
Lorenzoni, Guido; Reichlin, Lucrezia; Kohn, Donald L.; Watson, Mark
(2025-03-18)
Quarterly Review
, Volume 45
, Issue 4
Journal Article
Macro-Development: Complementarities, Distortions and Policies
Buera, Francisco J.
(2026-06-01)
Quarterly Review
, Volume 46
, Issue 1
Journal Article
Trade in AI-Related Products
Waugh, Michael E.
(2026-06-01)
Quarterly Review
, Volume 46
, Issue 1
Journal Article
From Madrid to Minnesota: Thoughts from Andreu Mas-Colell on receiving the University of Minnesota Outstanding Achievement Award
Mas-Colell, Andreu
(2026-08-31)
Quarterly Review
, Volume 46
, Issue 2
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