Similar Search Results

The Impact of Housing Decisons on Business Cycles

Ambler, Steve; Cardia, Emanuela; Zimmermann, Christian - Society for Computational Economics - SCE - 2005

This paper examines the role of housing decisions on business cycles fluctuations. We use an overlapping generation … payment and make a long term financial committment. Because of the indivisibility of housing, households buy "too much …" housing and not always able to smooth consumptiom in face of adverse business cycle fluctuations. Consumers who are still in …

Persistent link: https://www.econbiz.de/10005345078

Optimal Taylor Rules in an Estimated Model of a Small Open Economy

Rebei, Nooman; Ambler, Steve; Dib, Ali - Society for Computational Economics - SCE - 2004

We develop a model of a small open economy with three types of nominal rigidities (domestic goods prices, imported goods prices and wages) and eight different structural shocks. We estimate the model's structural parameters using a maximum likelihood procedure and use it to compute...

Persistent link: https://www.econbiz.de/10005132780

Optimal Control Response to Multiplicative Uncertainty with a Constant Term

Gonzalez, Fidel - Society for Computational Economics - SCE - 2006

In a one-state one-control variable Quadratic Linear Problem, I examine the effect of an increase in the multiplicative uncertainty on the use of the control variable. In contrast with previous studies, this model considers a stochastic constant term in the transition equation. I found that the...

Persistent link: https://www.econbiz.de/10005342980

Taxes and quotas for a Stock Pollutant with Multiplicative Uncertainty: A Comment

Gonzalez, Fidel - Society for Computational Economics - SCE - 2005

In this essay, it is shown that in the Hoel and Karp (2001) model of global warming, the optimal response of taxes for a stock pollutant with mutiplicative uncertainty is opposite when the control variable is pollution taxes instead of emissions. In this case, the election of control variable...

Persistent link: https://www.econbiz.de/10005345052

Robust Control: A Note on the Response of the Control to Changes in the Free Parameter

Rodriguez, Arnulfo; Gonzalez, Fidel - Society for Computational Economics - SCE - 2003

Persistent link: https://www.econbiz.de/10005345701

Robust Control: A Note on the Response of the Control to Changes in the

Rodriguez, Arnulfo; Gonzalez, Fidel - Society for Computational Economics - SCE - 2004

In this paper an analytical framework using robust control was developed for the one-state and one-control variable model to examine the response of the control to changes in the "free" parameter. However, in contrast to Gonzalez and Rodriguez (2003), the sign of the ``free" parameter in the...

Persistent link: https://www.econbiz.de/10005706529