Linear-quadratic approximation, external habit and targeting rules

DOI10.1016/j.jedc.2008.02.001zbMath1181.91143OpenAlexW3122925863MaRDI QIDQ2654402

Richard Pierse, Paul Levine, Joseph G. Pearlman

Publication date: 19 January 2010

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: http://www.ecb.europa.eu/pub/pdf/scpwps/ecbwp759.pdf

zbMATH Keywords

dynamic stochastic general equilibrium modelscooperative and non-cooperative equilibrialinear-quadratic approximationutility-based loss function

Mathematics Subject Classification ID

Noncooperative games (91A10) Cooperative games (91A12) Multisectoral models in economics (91B66) Dynamic stochastic general equilibrium theory (91B51)

Related Items (6)

Monetary and fiscal policy under deep habits ⋮ A fiscal stimulus with deep habits and optimal monetary policy ⋮ Optimal control and the Fibonacci sequence ⋮ Bifurcation in perturbation analysis: Calvo pricing examples ⋮ Linear-quadratic approximation of optimal policy problems ⋮ Quantitative easing and the loan to collateral value ratio

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