Search Results - subject:"Optimal policy"

An envelope theorem and some applications to discounted Markov decision processes

Cruz-Suárez, Hugo; Montes-de-Oca, Raúl - In: Mathematical Methods of Operations Research 67 (2008) 2, pp. 299-321

system, the value function and the optimal policy of the problem are differentiable with respect to the state of the system …

Persistent link: https://www.econbiz.de/10010999686

Constrained continuous-time Markov decision processes with average criteria

Zhang, Lanlan; Guo, Xianping - In: Mathematical Methods of Operations Research 67 (2008) 2, pp. 323-340

imposed on an expected average cost. We give suitable conditions that ensure the existence of a constrained-optimal policy …. Moreover, we show that the constrained-optimal policy randomizes between two stationary policies differing in at most one state …

Persistent link: https://www.econbiz.de/10010949960

Optimal Monetary Policy in an Operational Medium-Sized DSGE Model

Adolfson, Malin; Laséen, Stefan; Lindé, Jesper; … - C.E.P.R. Discussion Papers - 2008

We show how to construct optimal policy projections in Ramses, the Riksbank's open-economy medium-sized DSGE model for … instrument rule than as optimal policy under commitment. We show and discuss the differences between policy projections for the … estimated instrument rule and for optimal policy under commitment, under alternative definitions of the output gap, different …

Persistent link: https://www.econbiz.de/10005789078

Constrained continuous-time Markov decision processes with average criteria

Zhang, Lanlan; Guo, Xianping - In: Computational Statistics 67 (2008) 2, pp. 323-340

Persistent link: https://www.econbiz.de/10010759169

An envelope theorem and some applications to discounted Markov decision processes

Cruz-Suárez, Hugo; Montes-de-Oca, Raúl - In: Computational Statistics 67 (2008) 2, pp. 299-321

system, the value function and the optimal policy of the problem are differentiable with respect to the state of the system …

Persistent link: https://www.econbiz.de/10010759282

Optimal fiscal policy in an endogenous growth model with public capital: a note

Tamai, T. - In: Journal of Economics 93 (2008) 1, pp. 81-93

Persistent link: https://www.econbiz.de/10005810048

Optimal Policy Response with Control Parameter and Intercept Covariance

Gonzalez, Fidel - In: Computational Economics 31 (2008) 1, pp. 1-20

Persistent link: https://www.econbiz.de/10005542265

Fiscal policy in a stock-flow consistent model: a comment

Martin, Bill - In: Journal of Post Keynesian Economics 30 (2008) 4, pp. 649-668

such instabilities but do not propose a solution. I do so and derive optimal policy rules consistent with their model. …

Persistent link: https://www.econbiz.de/10005751506

Les modèles à agent représentatif et la politique de taxation optimale

Ambler, Steve - Centre de Recherche sur l'Emploi et les Fluctuations … - 1999

Dans cet article, nous présentons un survol de la littérature macroéconomique sur la taxation optimale. En premier lieu, nous présentons un modèle très simple à agent représentatif afin de démontrer le résultat principal de cette littérature concernant le taux de taxation sur le...

Persistent link: https://www.econbiz.de/10005572496

Optimal climate policy under the possibility of a catastrophe

Gjerde, Jon; Grepperud, Sverre; Kverndokk, Snorre - 1998

This paper concerns optimal emissions of greenhouse gases when catastrophic consequences are possible. A numerical model is presented which takes into account both continuous climate-feedback damages as well as the possibility of a catastrophic outcome. The uncertainty in the model concerns...

Persistent link: https://www.econbiz.de/10011608379