Time-consistent control in nonlinear models

DOI10.1016/J.JEDC.2010.08.004MaRDI QIDQ603005zbMATH OpenOpenAlexFDO

Authors Steve Ambler, Florian Pelgrin

Publication date 5 November 2010

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

Full work available at URL http://hdl.handle.net/10419/53792

zbMATH Keywords

control theoryoptimal government policytime consistency

Mathematics Subject Classification ID

Linear-quadratic optimal control problems (49N10) Dynamic stochastic general equilibrium theory (91B51) Optimal stochastic control (93E20)

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Cites work

• Accuracy in Simulations
• Algorithms and economic dynamics. Selected papers from the 2nd annual meeting of the Society for Computational Economics, Geneva, Switzerland, 1996
• Algorithms for solving dynamic models with occasionally binding constraints
• Asymptotic methods for aggregate growth models
• Comparing solution methods for dynamic equilibrium economies
• Consumption-Savings Decisions with Quasi-Geometric Discounting
• Fiscal spending shocks, endogenous government spending, and real business cycles
• How Should Control Theory Be Used to Calculate a Time-Consistent Government Policy?
• scientific article; zbMATH DE number 437299 (Why is no real title available?)
• Linear-quadratic approximation of optimal policy problems
• Markov perfect equilibria in altruistic growth economies with production uncertainty
• Optimal taxes without commitment
• Public spending and optimal taxes without commitment
• Time-Consistent Public Policy

Cited in

(11)

• Time-consistent policies
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• Nonlinear minimum-time control with pre- and post-actuation
• scientific article; zbMATH DE number 3885449 (Why is no real title available?)
• Time-Consistent Public Policy
• Dynamic Inconsistency, Rational Expectations, and Optimal Government Policy
• How Should Control Theory Be Used to Calculate a Time-Consistent Government Policy?
• HOMEOSTATIC VERSUS ACTIVE POLICIES IN A NONLINEAR OPTIMAL CONTROL PROBLEM
• scientific article; zbMATH DE number 2099769 (Why is no real title available?)
• The political economy of indirect control
• Optimal policy in Markov-switching rational expectations models

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