\\begin{abstract} Lucas (1976) pointed out, that when optimization is performed on a deterministic macro model, the resulting policy may not reflect the true optimal solution. Private agents may react to announced policies and consequently model parameters will start to drift. The aim of this...

The DUALI/DUALPC software is a system for solving quadratic-linear opimal control models. DUALI (pronounced "dual-I") provides a graphical interface for both deterministic and stochastic models as well as solvers for deterministic models and for passive learning stochastic models. DUALPC...

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