Li, Xin; Narajabad, Borghan; Temzelides, Ted - In: Quantitative economics : QE ; journal of the … 7 (2016) 3, pp. 821-857
We study a dynamic stochastic general equilibrium model in which agents are concerned about model uncertainty regarding … from climate change to damages is subject to uncertainty, as opposed to risk, and we use robust control to study efficiency … growth in the presence and in the absence of concerns about model uncertainty, and find that these can lead to substantially …