presence of model uncertainty. Under robust control, the central bank reacts more aggressively to both types of shocks, and …

This paper develops linear quadratic robust control theory for a class of spatially invariant distributed control … into a countable number of finite state space robust control problems each of which can be solved by standard methods. We … 'breakdown' points in conventional finite dimensional robust control, or where instabilities appear or where the value function …

This paper develops linear quadratic robust control theory for a class of spatially invariant distributed control … into a countable number of finite state space robust control problems each of which can be solved by standard methods. We … “breakdown” points in conventional finite dimensional robust control, or where instabilities appear or where the value function …

“caution” versus “intensity” in problems with model uncertainty in a context of robust control, and I introduce the results …. Contrasting, in the case of robust control with model uncertainty, the optimal policy response becomes more and more intense as …