Linear Quadratic Approximation of Rationally Inattentive Control Problems

This paper proposes a linear quadratic approximation approach to dynamic nonlinear rationally inattentive control problems with multiple states and multiple controls. An efficient toolbox to implement this approach is provided. Applying this toolbox to four economic examples demonstrates that rational inattention can help explain the comovement puzzle in the macroeconomics literature

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Year of publication:	2022
Authors:	Miao, Jianjun
Publisher:	[S.l.] : SSRN
Subject:	Mathematische Optimierung \| Mathematical programming \| Kontrolltheorie \| Control theory

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Extent:	1 Online-Ressource (26 p)
Type of publication:	Book / Working Paper
Language:	English
Other identifiers:	10.2139/ssrn.4248642 [DOI]
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10014243836