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All CR users can calculate the optimal policy by solving the same optimization problem (15).
Few care much about optimal policy.
The ironic and unsettling upshot is that, sometimes, chancing another crisis is the optimal policy.
"The optimal policy is to wait to raise the consumption tax, maybe a year.
(b) Optimal policy for (.
In an optimal policy, 1.
Figure 10 Structure of the optimal policy.
Thus, privatisation is the optimal policy.
This study reveals the existence of the stationary optimal policy.
Section 5 considers optimal policy, and finally, Section 6 concludes.
We firstly present some general results about the optimal policy.
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