Quasi-equilibrium in economies with infinite dimensional commodity spaces: a truncation approach
Article Abstract:
Situations under which sequences of quasi-equilibria in the finite dimensional economies converge to quasi-equilibrium in the infinite dimensional economy are investigated. The results show that convergence occurs if there is modification of the usual continuity assumption concerning the preference relations for finite dimensional commodity spaces.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2003
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Indicator variables for optimal policy under asymmetric information
Article Abstract:
The optimal weights on indicators in models with partial information about the state of the economy are derived and interpreted, both for equilibria under discretion and under commitment. General characteristics of optimal filtering and control for these settings are provided.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2004
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Optimal taxation in an RBC model: a linear-quadratic approach
Article Abstract:
Usage of accurate log-linear approximation models to clear optimal taxation problems in business cycle models is presented.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2006
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