Optimal target zones

DOI10.1016/0165-1889(95)00908-6zbMath0875.90028OpenAlexW2030046750MaRDI QIDQ671547

Lei Zhang, Marcus Miller

Publication date: 27 February 1997

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

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

zbMATH Keywords

Exchange rate mechanismRegulated Brownian motionTarget zonesTime-consistent policy

Mathematics Subject Classification ID

Economic growth models (91B62)

Related Items (3)

A disutility-based drift control for exchange rates ⋮ A zero-sum game between a singular stochastic controller and a discretionary stopper ⋮ Optimal Central Bank intervention in the foreign exchange market

Cites Work

• A simplified treatment of the theory of optimal regulation of Brownian motion
• Instantaneous Control of Brownian Motion
• Impulse Control of Brownian Motion
• How Should Control Theory Be Used to Calculate a Time-Consistent Government Policy?
• Existence of Optimal Simple Policies for Discounted-Cost Inventory and Cash Management in Continuous Time
• Unnamed Item

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