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来源类型 | Working Paper |
规范类型 | 报告 |
DOI | 10.3386/w2213 |
来源ID | Working Paper 2213 |
Dynamic Optimization in Two-Party Models | |
Warwick J. McKibbin; Nouriel Roubini; Jeffrey Sachs | |
发表日期 | 1987-04-01 |
出版年 | 1987 |
语种 | 英语 |
摘要 | The goal of this paper is to study the problem of optimal dynamic policy formulation with competing political parties. We study a general class of problems, in which the two competing political parties have quadratic intertemporal objective functions, and in which the economy has a linear structure and a multidimensional state space. For the general linear quadratic problem we develop a numerical dynamic programming algorithm to solve for optimal policies of each party taking into account the party's objectives; the structure of the economy ; the probability of future election results; and the objectives of the other political party. |
主题 | Macroeconomics |
URL | https://www.nber.org/papers/w2213 |
来源智库 | National Bureau of Economic Research (United States) |
引用统计 | |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/559467 |
推荐引用方式 GB/T 7714 | Warwick J. McKibbin,Nouriel Roubini,Jeffrey Sachs. Dynamic Optimization in Two-Party Models. 1987. |
条目包含的文件 | ||||||
文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
w2213.pdf(315KB) | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 |
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