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Existence and uniqueness of solutions to dynamic models with occasionally binding constraints.

Holden, Tom D. - 2017 - This version: 23 August 2017

eventually attain its long-run, positive inflation target. This illustrates that a credible long-run inflation target does not … level targeting does restore determinacy providing agents believe that inflation will eventually be positive. …

Persistent link: https://www.econbiz.de/10011717372

Existence and uniqueness of solutions to dynamic models with occasionally binding constraints.

Holden, Tom D. - 2016 - This version: 30 July 2016

nominal interest rates, even when agents believe that the central bank will eventually attain its long-run, positive inflation … target. This illustrates that a credible long-run inflation target does not render the Taylor principle sufficient for …

Persistent link: https://www.econbiz.de/10011518459

Price strategy implementation

Berger, André; Grigoriev, Alexander; Loon, Joyce van - 2008

Persistent link: https://www.econbiz.de/10003811408

A note on global optimization in adaptive control, econometrics and macroeconomics

Tucci, Marco Paolo - In: Journal of economic dynamics & control 26 (2002) 9/10, pp. 1739-1764

Persistent link: https://www.econbiz.de/10001668537

Accuracy, speed and robustness of policy function iteration

Richter, Alexander W.; Throckmorton, Nathaniel A.; … - In: Computational economics 44 (2014) 4, pp. 445-476

Persistent link: https://www.econbiz.de/10010489870

Computation of solutions to dynamic models with occasionally binding constraints.

Holden, Tom D. - 2016 - This version: 3 April 2016

We construct the first algorithm for the perfect foresight solution of otherwise linear models with occasionally binding constraints, with fixed terminal conditions, that is guaranteed to return a solution in finite time, if one exists. We also provide a proof of the inescapability of the "curse...

Persistent link: https://www.econbiz.de/10011452243