Credibility and time consistency in a stochastic world

DOI10.1007/BF01245146zbMath0627.90022MaRDI QIDQ1092789

David Currie, Paul Levine

Publication date: 1987

Published in: Journal of Economics (Search for Journal in Brave)

zbMATH Keywords

rational expectationscredibilitytime inconsistencyPontryagin's Maximum Principlecontinuing gamedynamic open economysustainability of optimal policies

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (1)

Expectations, learning and empirical macroeconomic models

Cites Work

• Unnamed Item
• Functional equations in the theory of dynamic programming. III
• The design of feedback rules in linear stochastic rational expectations models
• Conjugate convex functions in optimal stochastic control
• Rational Expectations and Policy Credibility Following a Change in Regime
• On the Time Consistency of Optimal Policy in a Monetary Economy

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