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)

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