Author: David Backus
Publisher:
ISBN:
Category : Rational expectations (Economic theory)
Languages : en
Pages : 29
Book Description
The Consistency of Optional Policy in Stochastic Rational Expectations Models
Author: David Backus
Publisher:
ISBN:
Category : Rational expectations (Economic theory)
Languages : en
Pages : 29
Book Description
Publisher:
ISBN:
Category : Rational expectations (Economic theory)
Languages : en
Pages : 29
Book Description
The Consistency of Optimal Policy in Stochastic Rational Expectations Models
Author: John Driffill
Publisher:
ISBN:
Category : Economic forecasting
Languages : en
Pages : 52
Book Description
Publisher:
ISBN:
Category : Economic forecasting
Languages : en
Pages : 52
Book Description
The consistency of optimal policy in stochastic rational expectations models
Author: John Driffill
Publisher:
ISBN:
Category :
Languages : sv
Pages : 33
Book Description
Publisher:
ISBN:
Category :
Languages : sv
Pages : 33
Book Description
The Consistency of Optimal Policy in Stochastic Tational Expectations Models
Author: John Driffill
Publisher:
ISBN:
Category :
Languages : en
Pages : 33
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 33
Book Description
Optimal and Time-consistent Policies in Continuous Time Rational Expectations Models
Author: Willem H. Buiter
Publisher:
ISBN:
Category : Rational expectations (Economic theory)
Languages : en
Pages : 30
Book Description
Publisher:
ISBN:
Category : Rational expectations (Economic theory)
Languages : en
Pages : 30
Book Description
Policy Evaluation and Design for Continuous Time Linear Rational Expectations Models
Author: Willem H. Buiter
Publisher:
ISBN:
Category : Economic policy
Languages : en
Pages : 66
Book Description
The paper surveys some recent developments in policy evaluation and design in continuous time linear rational expectations models. Much recent work in macroeconomics and open economy macroeconomics fits into this category. First the continuous time analogue is reviewed of the discrete time solution method of Blanchard and Kahn. Some problems associated with this solution method are then discussed, including non-uniqueness and zero roots. Optimal (but in general time-inconsistent) and time-consistent (but in general suboptimal) solutions are derived to the general linear-quadratic optimal control problem, based on work by Calvo, Driffill, Miller and Salmon and the author. A numerical example is solved, involving optimal and time-consistent anti-inflationary policy design in a contract model.
Publisher:
ISBN:
Category : Economic policy
Languages : en
Pages : 66
Book Description
The paper surveys some recent developments in policy evaluation and design in continuous time linear rational expectations models. Much recent work in macroeconomics and open economy macroeconomics fits into this category. First the continuous time analogue is reviewed of the discrete time solution method of Blanchard and Kahn. Some problems associated with this solution method are then discussed, including non-uniqueness and zero roots. Optimal (but in general time-inconsistent) and time-consistent (but in general suboptimal) solutions are derived to the general linear-quadratic optimal control problem, based on work by Calvo, Driffill, Miller and Salmon and the author. A numerical example is solved, involving optimal and time-consistent anti-inflationary policy design in a contract model.
The Design of Feedback Rules in Linear Stochastic Rational Expectations Models
Author: David Carrie
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 47
Book Description
Publisher:
ISBN:
Category : Economics
Languages : en
Pages : 47
Book Description
The Design Feedback Rules in Linear Stochastic Rational Expectations Models
Author: P. Levine
Publisher:
ISBN:
Category : Economics
Languages : en
Pages :
Book Description
Publisher:
ISBN:
Category : Economics
Languages : en
Pages :
Book Description
Consistent Estimation of Rational Expectations Models
Author: Theodoor Evert Nijman
Publisher:
ISBN:
Category :
Languages : en
Pages : 34
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 34
Book Description
On the Dynamic Consistency of Rational Expectations Politico-economic Models
Author: Peter Willemé
Publisher:
ISBN:
Category :
Languages : en
Pages : 40
Book Description
Publisher:
ISBN:
Category :
Languages : en
Pages : 40
Book Description