Credibility and time consistency in a stochastic world
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Publication:1092789
DOI10.1007/BF01245146zbMath0627.90022MaRDI QIDQ1092789
Publication date: 1987
Published in: Journal of Economics (Search for Journal in Brave)
rational expectationscredibilitytime inconsistencyPontryagin's Maximum Principlecontinuing gamedynamic open economysustainability of optimal policies
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Cites Work
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- Functional equations in the theory of dynamic programming. III
- The design of feedback rules in linear stochastic rational expectations models
- Conjugate convex functions in optimal stochastic control
- Rational Expectations and Policy Credibility Following a Change in Regime
- On the Time Consistency of Optimal Policy in a Monetary Economy
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