| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP3690 |
| DP3690 Long-Run Inflation-Unemployment Dynamics: The Spanish Phillips Curve and Economic Policy | |
| Dennis Snower; Marika Karanassou; Hector Sala | |
| 发表日期 | 2003-01-28 |
| 出版年 | 2003 |
| 语种 | 英语 |
| 摘要 | We provide algorithms to solve a linear-quadratic optimal control problem with commitment. By extending to the case of imperfect information a procedure outlined in Ljungqvist and Sargent (2002), we make the results of Svensson and Woodford (2000) easy to implement. We provide a Mat-lab package that solves this class of models and analyses their properties using simulations, impulse response functions and other techniques, with both commitment and discretion. A monetary policy application, based on the ?new-Keynesian? model of Clarida, Galí and Gertler (1999), is used to illustrate how the toolkit can be used. |
| 主题 | International Macroeconomics |
| 关键词 | Optimal control Filtering Commitment |
| URL | https://cepr.org/publications/dp3690 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/532717 |
| 推荐引用方式 GB/T 7714 | Dennis Snower,Marika Karanassou,Hector Sala. DP3690 Long-Run Inflation-Unemployment Dynamics: The Spanish Phillips Curve and Economic Policy. 2003. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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