In the framework of the intertemporal asset allocation problem, this dissertation focuses on the modelling of inflation risk and its impact on intertemporal asset allocation strategies. The contributions of this dissertation to the current literature are as follows.First, in considering...

The paper studies a credit market model with endogenous credit cost and debt constraints in which multiple candidates for steady state equilibria arise. We use dynamic programming (DP) with exible grid size to locate thresholds that separate different domains of attraction. More specifically, we...

We discuss two optimization problems from economics. The first is a model of optimal investment and the second is a model of resource management. In both cases the time horizon is infinite and the optimal control variables are continuous. Typically, in these optimal control problems multiple...