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

DOI10.1007/S10614-005-9006-2zbMath1134.93409OpenAlexW2008061403MaRDI QIDQ853653

David A. Kendrick, P. Ruben Mercado

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)

Related Items (1)

On the potential use of adaptive control methods for improving adaptive natural resource management

Uses Software

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• DualPC

Cites Work

• The timing of uncertainty and the intensity of policy
• 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 conditional on the character of nature
• Robust control: a note on the response of the control to changes in the ``free parameter
• Should macroeconomic policy makers consider parameter covariances?
• Caution in macroeconomic policy: Uncertainty and the relative intensity of policy
• Optimal stochastic control
• Optimization of stochastic systems. Topics in discrete-time systems
• Certainty Equivalence, First Order Certainty Equivalence, Stochastic Control, and the Covariance Structure
• Effect of Uncertainty on Optimal Control Policies
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