Optimal Control of Inflation: A Central Bank Problem

DOI10.1137/S036301299630495XMaRDI QIDQ4388950zbMATH OpenFDO

Authors Maria B. Chiarolla, Ulrich G. Haussmann

Publication date 10 May 1998

Published in SIAM Journal on Control and Optimization (Search for Journal in Brave)

zbMATH Keywords

inflationcentral bankstochastic differential gameweak variational inequalitybounded variation stochastic controlstrong variational inequalitytwo-dimensional bounded variation control problem

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Applications of game theory (91A80) Differential games (aspects of game theory) (91A23) Variational inequalities (49J40) Stochastic games, stochastic differential games (91A15) Application models in control theory (93C95) Optimal stochastic control (93E20) Unilateral problems for linear parabolic equations and variational inequalities with linear parabolic operators (35K85) Probabilistic games; gambling (91A60)

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• The relaxed stochastic maximum principle in singular optimal control of jump diffusions
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• Controlling inflation: The infinite horizon case
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