Di Bartolomeo, Giovanni; Saltari, Enrico; Semmler, Willi - In: Dynamic analysis in complex economic environments : …, (pp. 109-122). 2021
horizons as political short-termism or inattention, which is associated with political economy or information constraints … policymakers solve an inter-temporal decision problem with finite horizon that involves the repetitive solution of an optimal … control problem at each sampling instant in a receding horizon fashion. We find that political short-termism substantially …