The increased stability of the econ

The increased stability of the economy and the improved performance of
the payment and credit system may be due in part to the diffusion of findings
of Finn’s and my “Rules Rather than Discretion” paper. People now recognize
much better the importance of having good macroeconomic institutions
such as an independent central bank.
To find the time-consistent policy we de facto considered a game. In the
simplest case, the value function of an individual is v(k,K) and that of the policy
maker v(K,K), where k is a given individual’s capital stock and K is the capital
stock of all others. Note that within the class of policies that treat individuals
anonymously, all individuals order policies in the same way as does the policy
maker. At the first stage of each period, the policy maker selects the policy
that is best for the representative individual and the rule by which policy will
be selected in the future.

ผลลัพธ์ (อังกฤษ) 2:

The increased stability of The Economy and The improved Performance of
The payment and Credit System May be Due in Part to The Diffusion of findings
of Finn's and My "Rules Rather than Discretion" Paper. People now recognize
much Better The Importance of having good macroeconomic Institutions
Such As an independent Central Bank.
To Find The time-consistent Policy we considered a de facto Game. In The
Simplest Case, The value function of an Individual is v (K, K) and that of The Policy
maker v (K, K), Where K is a Given Individual's Capital Stock and K is The Capital
Stock of all others. Within note that The class of Policies that Treat Individuals
Anonymously, all in The Same Way As Individuals Order Policies The Policy does
maker. At The First Stage of each period, The Policy The Policy SELECTS maker
that is best representative for The Individual and The Rule by which Policy Will
be Selected in The Future.