Optimal target zones

DOI10.1016/0165-1889(95)00908-6zbMATH Open0875.90028OpenAlexW2030046750MaRDI QIDQ671547FDOQ671547

Authors: Marcus Miller, Lei Zhang 

Publication date: 27 February 1997

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

Full work available at URL: https://doi.org/10.1016/0165-1889(95)00908-6

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zbMATH Keywords

Exchange rate mechanismRegulated Brownian motionTarget zonesTime-consistent policy

Mathematics Subject Classification ID

Economic growth models (91B62)

Cites Work

• Title not available (Why is that?)
• Impulse Control of Brownian Motion
• How Should Control Theory Be Used to Calculate a Time-Consistent Government Policy?
• A simplified treatment of the theory of optimal regulation of Brownian motion
• Existence of Optimal Simple Policies for Discounted-Cost Inventory and Cash Management in Continuous Time
• Instantaneous Control of Brownian Motion

Cited In (8)

• Limited reserves and the optimal width of an exchange rate target zone
• The revival of target zone modeling
• A disutility-based drift control for exchange rates
• Credibility and interest rate discretion in the ERM
• Optimal Central Bank intervention in the foreign exchange market
• Narrow target zones within broad zones: A non-speculative exchange rate solution with limited resources
• On the long-run average cost minimization problem of the stochastic production-inventory models
• A zero-sum game between a singular stochastic controller and a discretionary stopper

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