This article analyzes the trade-off between `caution' and `intensity' in the use of the control variable in a one-state one-control dynamic stochastic quadratic linear optimization problem with discount factor. It studies the effects that changes in uncertainty of the control parameter have on...

In this paper we derive the closed loop form of the Expected Optimal Feedback rule, sometimes called passive learning stochastic control, with time varying parameters. As such this paper extends the work of Kendrick (Stochastic control for economic models, <CitationRef CitationID="CR13">1981</CitationRef>; Stochastic control for economic...</citationref>

In an earlier paper, i.e. Kendrick and Amman (A Taylor Rule for fiscal policy?, <CitationRef CitationID="CR9">2010</CitationRef>), we raised the question of whether adjusting fiscal policy more frequently than its current pace of once a year could be used to improve stabilization. Also, we proposed a method for shedding light on that...</citationref>

In the spring of 1991 the National Science Foundation considered an Initiative in Computational Economics and asked a group of scholars to prepare a report outlining the research opportunities in this field. This article contains the central part of the report which described past contributions...