OPTIMAL POLICY IN RATIONAL EXPECTATIONS MODELS: NEW SOLUTION ALGORITHMS

DOI10.1017/S1365100507050341MaRDI QIDQ3182103zbMATH OpenWikidataFDO

Authors Richard Dennis

Publication date 4 October 2009

Published in Macroeconomic Dynamics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1017/S1365100507050341

zbMATH Keywords

CommitmentDiscretionOptimal Policy

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64)

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Cites work

• A linear algebraic procedure for solving linear perfect foresight models
• An anticipative feedback solution for the infinite-horizon, linear-quadratic, dynamic, Stackelberg game.
• Inflation Persistence
• Monetary Policy and Exchange Rate Volatility in a Small Open Economy
• Open loop time consistency for linear rational expectations models
• Politico-economic equilibrium and economic growth
• Solutions to linear rational expectations models: a compact exposition
• Solving dynamic equilibrium models by a method of undetermined coefficients
• Solving for optimal simple rules in rational expectations models
• Solving linear rational expectations models
• System reduction and solution algorithms for singular linear difference systems under rational expectations
• The non-optimality of proposed monetary policy rules under timeless perspective commitment
• Using the generalized Schur form to solve a multivariate linear rational expectations model

Cited in

(17)

• The observed choice problem in estimating the cost of policies
• The optimal policy for the one-against-many heterogeneous Lanchester model
• Optimal simple rules in RE models with risk sensitive preferences
• Computing time-consistent equilibria: a perturbation approach
• Methods for robust control
• On Optimal Satisficing: How Simple Policies Can Achieve Excellent Results
• A computational approach to optimum public policies
• Resuscitating the ad hoc loss function for monetary policy analysis
• Dynamic policy in linear models with rational expectations of future events: A computer package
• Monetary and macroprudential policy interactions in a model of the euro area
• Optimal policies with heterogeneous agents: truncation and transitions
• Optimal policy in Markov-switching rational expectations models
• Computation of policy counterfactuals in sequence space
• Learning and optimal monetary policy
• Solution algorithm to a class of monetary rational equilibrium macromodels with optimal monetary policy design
• Solving for optimal simple rules in rational expectations models
• Solution of macromodels with Hansen-Sargent robust policies: some extensions

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