The design of feedback rules in linear stochastic rational expectations models

DOI10.1016/0165-1889(87)90022-4zbMath0627.90018OpenAlexW2000453157MaRDI QIDQ1092784

David Currie, Paul Levine

Publication date: 1987

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

Full work available at URL: https://doi.org/10.1016/0165-1889(87)90022-4

zbMATH Keywords

rational expectationslinear stochastic continuous time modelssuboptimal feedback rules

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items

Credibility and time consistency in a stochastic world, A classification system for economic stochastic control models, Expectations, learning and empirical macroeconomic models, Reputational and nonreputational policies under partial information, Uncertain potential output: Implications for monetary policy, Optimal monetary policy in a regime-switching economy: The response to abrupt shifts in exchange rate dynamics, Simplicity versus optimality: The choice of monetary policy rules when agents must learn, The design of economic policy under model uncertainty

Cites Work

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• Conjugate convex functions in optimal stochastic control
• Saddlepoint Problems in Continuous Time Rational Expectations Models: A General Method and Some Macroeconomic Examples
• Conditions for Unique Solutions in Stochastic Macroeconomic Models with Rational Expectations
• On the Time Consistency of Optimal Policy in a Monetary Economy