Search Results - subject:"Imperfect State Observation"

Robust partially observable Markov decision processes

Rasouli, Mohammad; Saghafian, Soroush - 2018

Persistent link: https://www.econbiz.de/10011954199

Robust Control, Informational Frictions, and International Consumption Correlations

Luo, Yulei; Nie, Jun; Young, Eric R. - Hong Kong Institute for Monetary Research (HKIMR), … - 2013

correlations quantitatively. We then show that the RB model with imperfect state observation is capable of matching the behavior of … state observation. We show that in the presence of capital mobility in financial markets, RB lowers the international … correlations in two otherwise standard small open economy models: one with perfect state observation and the other with imperfect …

Persistent link: https://www.econbiz.de/10010728226

Robust control, informational frictions, and international consumption correlations

Luo, Yulei; Nie, Jun; Young, Eric R. - In: European Economic Review 67 (2014) C, pp. 1-27

In this paper we examine the effects of model misspecification (robustness or RB) on international consumption correlations in an otherwise standard small open economy model with endogenous capital accumulation. We show that in the presence of capital mobility in financial markets, RB lowers the...

Persistent link: https://www.econbiz.de/10010753311

Robust control, informational frictions, and international consumption correlations

Luo, Yulei; Nie, Jun; Young, Eric R. - In: European economic review : EER 67 (2014), pp. 1-27

Persistent link: https://www.econbiz.de/10010423039