Control óptimo estocástico en una economía bajo riesgo e incertidumbre

The aim of this paper is to develop a stochastic optimal control model for a closed economy with three sectors: consumers, firms and government. The random variables that drive the stochastic dynamics of relevant economic and financial variables follow a Wiener process or Brownian motion. On the basis of the proposed model, several aspects of monetary and fiscal policy are analyzed and various equilibrium relations, such as capital accumulation and inflation, are discussed.

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Year of publication:	2007
Authors:	Venegas-Martínez, Francisco ; Ballinez-Ambriz, Roberto
Published in:	Revista de Administración, Finanzas y Economía (Journal of Management, Finance and Economics). - Escuela de Graduados en Administración Pública y Políticas Públicas (EGAP). - Vol. 1.2007, 2, p. 134-147
Publisher:	Escuela de Graduados en Administración Pública y Políticas Públicas (EGAP)
Subject:	Análisis dinámico \| Política monetaria y fiscal \| Crecimiento económico e inversión \| Riesgo inflacionario

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Extent:	application/pdf
Type of publication:	Article
Language:	Spanish
Classification:	C61 - Optimization Techniques; Programming Models; Dynamic Analysis ; E22 - Capital; Investment (including Inventories); Capacity ; E52 - Monetary Policy (Targets, Instruments, and Effects) ; E62 - Fiscal Policy; Public Expenditures, Investment, and Finance; Taxation
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005148426