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The role of model uncertainty and learning in the US postwar policy response to oil prices

Rondina, Francesca - In: Journal of economic dynamics & control 36 (2012) 7, pp. 1009-1041

Persistent link: https://www.econbiz.de/10009573398

Model uncertainty and intertemporal tax smoothing

Luo, Yulei; Nie, Jun; Young, Eric R. - In: Journal of economic dynamics & control 45 (2014), pp. 289-314

Persistent link: https://www.econbiz.de/10010474424

Robust monetary policy with misspecified models : does model uncertainty always call for attenuated policy?

Tetlow, Robert; Von zur Mühlen, Peter - In: Journal of economic dynamics & control 25 (2001) 6/7, pp. 911-949

Persistent link: https://www.econbiz.de/10001571999

Modeling Uncertainty in Climate Change : A Multi-Model Comparison

Gillingham, Kenneth - 2015

The economics of climate change involves a vast array of uncertainties, complicating both the analysis and development of climate policy. This study presents the results of the first comprehensive study of uncertainty in climate change using multiple integrated assessment models. The study looks...

Persistent link: https://www.econbiz.de/10013013082

Fear of Model Misspecification and the Robustness Premium

Angelopoulos, Konstantinos; Malley, James B. - 2021

Robust decision making implies welfare costs or robustness premia when the approximating model is the true data generating process. To examine the importance of these premia at the aggregate level we employ a simple two-sector dynamic general equilibrium model with human capital and introduce an...

Persistent link: https://www.econbiz.de/10013316155

Environmental Policy Under Model Uncertainty : A Robust Optimal Control Approach

Funke, Michael; Paetz, Michael - 2021

Model uncertainty is inherent in the design of optimal environmental policy. We investigate the consequences in a simple linear model, where the aim of the policymaker is to stabilize the carbon content of the atmosphere. We study how decision-makers' concerns about robustness alter policy using...

Persistent link: https://www.econbiz.de/10013317181

Robust measurement of (heavy-tailed) risks : theory and implementation

Schneider, Judith Christiane; Schweizer, Nikolaus - In: Journal of economic dynamics & control 61 (2015), pp. 152-182

Persistent link: https://www.econbiz.de/10011589518

Climate Policies Under Climate Model Uncertainty : Max-Min and Min-Max Regret

Rezai, Armon - 2017

Temperature responses and optimal climate policies depend crucially on the choice of a particular climate model. To illustrate, the temperature responses to given emission reduction paths implied by the climate modules of the well-known integrated assessments models DICE, FUND and PAGE are...

Persistent link: https://www.econbiz.de/10012947620

Temperature targets, deep uncertainty and extreme events in the design of optimal climate policy

Agliardi, Elettra; Xepapadeas, Anastasios - In: Journal of economic dynamics & control 139 (2022), pp. 1-19

Persistent link: https://www.econbiz.de/10013464797

Information, Uncertainty, and Subjective Entitlements in Bargaining

Karagözoğlu, Emin - 2010

relative contributions of involved agents are blurred; either by lack of information about the actual performance of … coarse performance information lead to bargaining asymmetries. In addition, we find that bargainers' subjective entitlements … are also influenced by performance information and the randomness inherent in the production process. These differences in …

Persistent link: https://www.econbiz.de/10013139800