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A note on the real effects of monetary shocks : a limited participation model

Gutiérrez Diez, Pedro José; Rodríguez-Palmero, Carlos - In: Macroeconomic dynamics 17 (2013) 4, pp. 936-946

Persistent link: https://www.econbiz.de/10009774967

Welfare gains from stabilization in a stochastically growing economy with idiosyncratic shocks and flexible labor supply

Turnovsky, Stephen J.; Bianconi, Marcelo - In: Macroeconomic dynamics 9 (2005) 3, pp. 321-357

Persistent link: https://www.econbiz.de/10003048654

Could Prometheus be bound again? : A contribution to the convergence controversy

Cetorelli, Nicola - In: Journal of economic dynamics & control 27 (2002) 1, pp. 29-50

Persistent link: https://www.econbiz.de/10001703365

Stochastic optimal control, international finance and debt

Fleming, Wendell H.; Stein, Jerome L. - 2002

We use stochastic optimal control-dynamic programming (DP) to derive the optimal foreign debt/net worth, consumption/net worth, current account/net worth, and endogenous growth rate in an open economy. Unlike the literature that uses an Intertemporal Budget Constraint (IBC) or the Maximum...