Analytic methods for solving asset pricing models are developed to solve asset pricing models. Campbell and Cochrane's [1999. By force of habit, a consumption-based explanation of aggregate stock market behavior. Journal of Political Economy 107, 205-251] habit persistence model provides a...

A market for used capital goods, or financial instruments that represent the ownership of the used capital goods, induces inflation taxes on wealth and on the nominal income flows they provide. This paper explicitly introduces trading in either used capital goods or financial instruments into...

Cosimano (2003) uses the perturbation method to approximate optimal experimentation problems in the neighborhood of the augmented linear regulator problem as formulated by Hansen and Sargent (2004) and Anderson, Hansen, McGratten and Sargent (1966). Cosimano and Gapen (2005) develop a computer...