OPTIMAL POLICY IN RATIONAL EXPECTATIONS MODELS: NEW SOLUTION ALGORITHMS

DOI10.1017/S1365100507050341zbMATH Open1170.91469WikidataQ115011360 ScholiaQ115011360MaRDI QIDQ3182103FDOQ3182103

Richard Dennis

Publication date: 4 October 2009

Published in: Macroeconomic Dynamics (Search for Journal in Brave)

zbMATH Keywords

CommitmentOptimal PolicyDiscretion

Mathematics Subject Classification ID

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

Cites Work

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

Cited In (13)

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

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