Constrained Optimal Control Under Limited Knowledge
Author
Abstract
Suggested Citation
Download full text from publisher
References listed on IDEAS
- Powell, Alan A., 2000.
"From Dornbusch to Murphy: Stylized Monetary Dynamics of a Contemporary Macroeconometric Model,"
Journal of Policy Modeling, Elsevier, vol. 22(1), pages 99-116, January.
- Powell, A.A., 1995. "From Dornbush to Murphy: Stylized Monetary Dynamics of a Contemporary Macroeconometric Model," Monash Econometrics and Business Statistics Working Papers 13/95, Monash University, Department of Econometrics and Business Statistics.
- Alan A. Powell, 1998. "From Dornbusch to Murphy: Stylized Monetary Dynamics of a contemporary Macroeconometric Model," Centre of Policy Studies/IMPACT Centre Working Papers ip-69, Victoria University, Centre of Policy Studies/IMPACT Centre.
- Orphanides, Athanasios & Wieland, Volker, 2000.
"Inflation zone targeting,"
European Economic Review, Elsevier, vol. 44(7), pages 1351-1387, June.
- Orphanides, Athanasios & Wieland, Volker, 1999. "Inflation zone targeting," Working Paper Series 8, European Central Bank.
- Murphy, C W, 1988. "An Overview of the Murphy Model," Australian Economic Papers, Wiley Blackwell, vol. 27(0), pages 175-199, Supplemen.
- Mercado, P. Ruben & Kendrick, David A., 2000.
"Caution in macroeconomic policy: uncertainty and the relative intensity of policy,"
Economics Letters, Elsevier, vol. 68(1), pages 37-41, July.
- P. Ruben Mercado & David Kendrick, 1999. "Caution in Macroeconomic Policy: Uncertainty and the Relative Intensity of Policy," Computing in Economics and Finance 1999 1343, Society for Computational Economics.
- Neck, Reinhard & Matulka, Josef, 1994. "Stochastic optimum control of macroeconometric models using the algorithm OPTCON," European Journal of Operational Research, Elsevier, vol. 73(2), pages 384-405, March.
Most related items
These are the items that most often cite the same works as this one and are cited by the same works as this one.- Herbert, Ric D & Bell, Rod D, 2004. "Constrained macroeconomic policy development with a separate predictive model," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 64(3), pages 467-476.
- Fidel Gonzalez & Arnulfo Rodriguez, 2004. "Robust Control: A Note on the Response of the Control to Changes in the “Free” Parameter Conditional on the Character of Nature," Computational Economics, Springer;Society for Computational Economics, vol. 24(3), pages 223-238, March.
- Arnulfo Rodriguez, 2004. "Robust Control: A Note on the Timing of Model Uncertainty," Computing in Economics and Finance 2004 147, Society for Computational Economics.
- Andros Gregoriou & Alexandros Kontonikas, 2006.
"Inflation Targeting And The Stationarity Of Inflation: New Results From An Estar Unit Root Test,"
Bulletin of Economic Research, Wiley Blackwell, vol. 58(4), pages 309-322, October.
- Andros Gregoriou & Alexandros Kontonikas, 2005. "Inflation Targeting and the Stationarity of Inflation: New Results from an ESTAR Unit Root Test," Working Papers 2005_10, Business School - Economics, University of Glasgow.
- Beck, Guenter W. & Wieland, Volker, 2008.
"Central bank misperceptions and the role of money in interest-rate rules,"
Journal of Monetary Economics, Elsevier, vol. 55(Supplemen), pages 1-17, October.
- Guenter Beck & Volker Wieland, 2008. "Central bank misperceptions and the role of money in interest rate rules," Working Paper Research 147, National Bank of Belgium.
- Guenter Beck & Volker Wieland, 2008. "Central Bank Misperceptions and the Role of Money in Interest Rate Rules," Discussion Papers 08-004, Stanford Institute for Economic Policy Research.
- Beck, Günter W. & Wieland, Volker, 2008. "Central bank misperceptions and the role of money in interest rate rules," CFS Working Paper Series 2008/25, Center for Financial Studies (CFS).
- Wieland, Volker & Beck, Günter, 2008. "Central Bank Misperceptions and the Role of Money in Interest Rate Rules," CEPR Discussion Papers 6947, C.E.P.R. Discussion Papers.
- Wieland, Volker & Beck, Günter W., 2008. "Central Bank misperceptions and the role of money in interest rate rules," Working Paper Series 967, European Central Bank.
- Le Bihan, Hervé & Marx, Magali & Matheron, Julien, 2023.
"Inflation tolerance ranges in the New Keynesian model,"
European Economic Review, Elsevier, vol. 153(C).
- Le Bihan Hervé, & Marx Magali, & Matheron Julien., 2021. "Inflation tolerance ranges in the New Keynesian model," Working papers 820, Banque de France.
- Hervé Le Bihan & Magali Marx & Julien Matheron, 2021. "Inflation tolerance ranges in the new keynesian model," Working Papers 2142, Banco de España.
- Michael Arghyrou, 2009.
"Monetary policy before and after the euro: evidence from Greece,"
Empirical Economics, Springer, vol. 36(3), pages 621-643, June.
- Arghyrou, Michael G, 2006. "Monetary policy before and after the euro: Evidence from Greece," Cardiff Economics Working Papers E2006/26, Cardiff University, Cardiff Business School, Economics Section.
- Peter Bofinger & Eric Mayer, 2007.
"Monetary and Fiscal Policy Interaction in the Euro Area with Different Assumptions on the Phillips Curve,"
Open Economies Review, Springer, vol. 18(3), pages 291-305, July.
- Bofinger, Peter & Mayer, Eric, 2003. "Monetary and fiscal policy interaction in the Euro area with different assumptions on the Phillips curve," W.E.P. - Würzburg Economic Papers 40, University of Würzburg, Department of Economics.
- Bofinger, Peter & Mayer, Eric, 2004. "Monetary and Fiscal Policy Interaction in the Euro Area with different assumptions on the Phillips curve," University of Göttingen Working Papers in Economics 27, University of Goettingen, Department of Economics.
- Bofinger, Peter & Mayer, Eric, 2004. "Monetary and Fiscal policy Interaction in the Euro Area with Different Assumptions on the Phillips Curve," CEPR Discussion Papers 4790, C.E.P.R. Discussion Papers.
- Jacob Engwerda & Davoud Mahmoudinia & Rahim Dalali Isfahani, 2016.
"Government and Central Bank Interaction under Uncertainty: A Differential Games Approach,"
Iranian Economic Review (IER), Faculty of Economics,University of Tehran.Tehran,Iran, vol. 20(2), pages 225-259, Spring.
- Engwerda, Jacob & Mahmoudinia, D. & Isfahani, Rahim Dalali, 2016. "Government and Central Bank Interaction under uncertainty : A Differential Games Approach," Other publications TiSEM 8da07e25-a1e7-4d91-8829-1, Tilburg University, School of Economics and Management.
- Engwerda, Jacob & Mahmoudinia, D. & Isfahani, Rahim Dalali, 2016. "Government and Central Bank Interaction under uncertainty : A Differential Games Approach," Discussion Paper 2016-012, Tilburg University, Center for Economic Research.
- Ali Al‐Nowaihi & Livio Stracca, 2003. "Behavioural Central Bank Loss Functions, Skewed Risks and Certainty Equivalence," Manchester School, University of Manchester, vol. 71(s1), pages 21-38, September.
- Paolo Surico, 2002. "Uncovering Policy Makers' Loss Function," Macroeconomics 0210003, University Library of Munich, Germany.
- Patrick Minford & Naveen Srinivasan, 2008.
"Are Central Bank Preferences Asymmetric? A Comment,"
Economic Notes, Banca Monte dei Paschi di Siena SpA, vol. 37(1), pages 119-126, February.
- Minford, Patrick & Srinivasan, Naveen, 2008. "Are Central Bank Preferences Asymmetric? A Comment," Cardiff Economics Working Papers E2008/5, Cardiff University, Cardiff Business School, Economics Section.
- Bofinger, Peter & Mayer, Eric & Wollmershäuser, Timo, 2002.
"The BMW model: Simple macroeconomics for closed and open economies a requiem for the IS/LM-AS/AD and the Mundell-Fleming model,"
W.E.P. - Würzburg Economic Papers
35, University of Würzburg, Department of Economics.
- Bofinger, Peter & Wollmershäuser, Timo & Mayer, Eric, 2003. "The BMW Model: Simple Macroeconomics for Closed and Open Economies - A Requiem for the IS/LM-AS/AD and the Mundell-Fleming Mode," CEPR Discussion Papers 3980, C.E.P.R. Discussion Papers.
- Wieland, Volker & Wolters, Maik, 2013.
"Forecasting and Policy Making,"
Handbook of Economic Forecasting, in: G. Elliott & C. Granger & A. Timmermann (ed.), Handbook of Economic Forecasting, edition 1, volume 2, chapter 0, pages 239-325,
Elsevier.
- Wieland, Volker & Wolters, Maik Hendrik, 2012. "Forecasting and policy making," IMFS Working Paper Series 62, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS).
- Stan Žaković & Volker Wieland & Berc Rustem, 2007.
"Stochastic Optimization and Worst-Case Analysis in Monetary Policy Design,"
Computational Economics, Springer;Society for Computational Economics, vol. 30(4), pages 329-347, November.
- S. Zakovic & V. Wieland & B. Rustem, 2004. "Stochastic Optimisation and Worst Case Analysis in Monetary Policy Design," Computing in Economics and Finance 2004 213, Society for Computational Economics.
- Rustem, Berc & Wieland, Volker & Zakovic, Stan, 2005. "Stochastic optimization and worst-case analysis in monetary policy design," CFS Working Paper Series 2005/14, Center for Financial Studies (CFS).
- Rustem, Berc & Wieland, Volker & Zakovic, Stan, 2005. "Stochastic Optimization and Worst Case Analysis in Monetary Policy Design," CEPR Discussion Papers 5019, C.E.P.R. Discussion Papers.
- Davig, Troy & Foerster, Andrew, 2023.
"Communicating Monetary Policy Rules,"
European Economic Review, Elsevier, vol. 151(C).
- Troy Davig & Andrew T. Foerster, 2017. "Communicating Monetary Policy Rules," Research Working Paper RWP 17-4, Federal Reserve Bank of Kansas City.
- Troy Davig & Andrew Foerster, 2021. "Communicating Monetary Policy Rules," Working Paper Series 2021-12, Federal Reserve Bank of San Francisco.
- Andrew Foerster & Troy Davig, 2017. "Communicating Monetary Policy Rules," 2017 Meeting Papers 1133, Society for Economic Dynamics.
- René Lalonde & Zhenhua Zhu & Frédérick Demers, 2003.
"Forecasting and Analyzing World Commodity Prices,"
Money Affairs, CEMLA, vol. 0(1), pages 1-30, January-J.
- René Lalonde & Zhenhua Zhu & Frédérick Demers, 2003. "Forecasting and Analyzing World Commodity Prices," Staff Working Papers 03-24, Bank of Canada.
- Chen, Shyh-Wei & Hsu, Chi-Sheng, 2016. "Threshold, smooth transition and mean reversion in inflation: New evidence from European countries," Economic Modelling, Elsevier, vol. 53(C), pages 23-36.
- Yvan Lengwiler & Athanasios Orphanides, 2002.
"Optimal Discretion,"
Scandinavian Journal of Economics, Wiley Blackwell, vol. 104(2), pages 261-276, June.
- Yvan Lengwiler & Athanasios Orphanides, 1999. "Optimal discretion," Finance and Economics Discussion Series 1999-42, Board of Governors of the Federal Reserve System (U.S.).
- Tony Hall & Jan Jacobs & Adrian Pagan, "undated".
"Macro-Econometric System Modelling @75,"
NCER Working Paper Series
95, National Centre for Econometric Research.
- Tony Hall & Jan Jacobs & Adrian Pagan, 2013. "Macro-Econometric System Modelling @75," CAMA Working Papers 2013-67, Centre for Applied Macroeconomic Analysis, Crawford School of Public Policy, The Australian National University.
More about this item
Keywords
Constrained Optimal Control; Monetary Policy;JEL classification:
- C63 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Computational Techniques
- C61 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Optimization Techniques; Programming Models; Dynamic Analysis
- E61 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - Policy Objectives; Policy Designs and Consistency; Policy Coordination
Statistics
Access and download statisticsCorrections
All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:sce:scecf1:14. See general information about how to correct material in RePEc.
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Christopher F. Baum (email available below). General contact details of provider: https://edirc.repec.org/data/sceeeea.html .
Please note that corrections may take a couple of weeks to filter through the various RePEc services.