Feedback pp 67-74 | Cite as

Confidence Intervals Again

Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 10)


The results of the use of feedback rules can be shown with confidence intervals over time. Recall from Chapter 5 that the uncertainty about the response of consumers to tax changes could be described with confidence intervals that showed consumers’ likely responses. Of course the consumer responses were uncertainty in the behavioral input to macroeconomic analysis. Here it is the output that is of interest — namely inflation and unemployment.


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© Martinus Nijhoff Publishers, Dordrecht 1988

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