Discussion to k-7

7. Discussion

In this paper we have investigated ways to incorporate both internal and external nonde-terministic actions in a system that formalizes the reasoning of agents on their abilities and the eeects of the actions that they perform. To this end we deened the notions of-nite computation sequences and nite computation runs: these are nite strings of atomic actions and tests. The results that we obtain...

7 General Discussion

Chapter 7: General Discussion

7 Discussion Frederic

Taylor's paper is a useful and balanced discussion of the implications of forward-looking behavior for how monetary policy should be conducted. However, he might leave the reader with a misleading impression that the nonmarket clearing, rational expectations approach that he advocates is an outlying position that is not widely accepted. To the contrary, a high, and I think growing, percentage o...

CHAPTER 7 General discussion Noor