Parameter uncertainty and policy intensity: some extensions and suggestions for further work

DOI10.1007/S10614-005-9006-2MaRDI QIDQ853653zbMATH OpenOpenAlexFDO

Authors P. Ruben Mercado, David A. Kendrick

Publication date 17 November 2006

Published in Computational Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s10614-005-9006-2

zbMATH Keywords

stochastic controlmacroeconomic policypolicy uncertainty

Mathematics Subject Classification ID

Stochastic models in economics (91B70) Stochastic systems in control theory (general) (93E03)

Recommendations

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• scientific article; zbMATH DE number 3993247

Cites work

• scientific article; zbMATH DE number 3752669 (Why is no real title available?)
• scientific article; zbMATH DE number 48313 (Why is no real title available?)
• scientific article; zbMATH DE number 3616127 (Why is no real title available?)
• scientific article; zbMATH DE number 1095138 (Why is no real title available?)
• Caution in macroeconomic policy: Uncertainty and the relative intensity of policy
• Certainty Equivalence, First Order Certainty Equivalence, Stochastic Control, and the Covariance Structure
• Effect of Uncertainty on Optimal Control Policies
• Optimal stochastic control
• Optimization of stochastic systems. Topics in discrete-time systems
• Robust control: A note on the timing of model uncertainty
• Robust control: a note on the response of the control to changes in the ``free parameter
• Robust control: a note on the response of the control to changes in the ``free parameter conditional on the character of nature
• Should macroeconomic policy makers consider parameter covariances?
• The timing of uncertainty and the intensity of policy

Cited in

(3)

• On the potential use of adaptive control methods for improving adaptive natural resource management
• Optimal policy response with control parameter and intercept covariance
• The timing of uncertainty and the intensity of policy

Describes a project that uses

Uses Software

• DualPC
• Duali

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