Suchergebnisse

1. Introduction. 1.1. Questions about model uncertainty. 1.2. Ten papers about model uncertainty -- 2. Discounted linear exponential quadratic Gaussian control. 2.1. Cost formulation. 2.2. Cost recursions and aggregator functions. 2.3. Infinite horizon costs. 2.4. Arbitrary time-invariant linear control laws. 2.5. Solution to the infinite horizon discounted problem. 2.6. Summary -- 3. Robust permanent income and pricing / Thomas D. Tallarini -- 4. A quartet of semigroups for model specification, robustness, prices of risk, and model detection / Evan W. Anderson -- 5. Robust control and model uncertainty. 5.1. Introduction. 5.2. A benchmark resource allocation problem. 5.3. Model misspecification. 5.4. Two robust control problems. 5.5. Recursivity of the multiplier formulation. 5.6. Two preference orderings. 5.7. Recursivity of the preference orderings. 5.8. Concluding remarks -- 6. Robust control and model misspecification / Gauhar A. Turmuhambetova and Noah Williams -- 7. Doubts or variability? / Francisco Barillas -- 8. Robust estimation and control without commitment. 8.1. Introduction. 8.2. A control problem without model uncertainty. 8.3. Using Martingales to represent model misspecifications. 8.4. Two pairs of operators. 8.5. Control problems with model uncertainty. 8.6. The [symbol] = [symbol] case. 8.7. Implied worst case model of signal distortion. 8.8. A recursive multiple priors model. 8.9. Risk sensitivity and compound lotteries. 8.10. Another example. 8.11. Concluding remarks -- 9. Fragile beliefs and the price of uncertainty. 9.1. Introduction. 9.2. Stochastic discounting and risks. 9.3. Three information structures. 9.4. Risk prices. 9.5. A full-information perspective on agents' learning. 9.6. Price effects of concerns about robustness. 9.7. Illustrating the mechanism. 9.8. Concluding remarks -- 10. Beliefs, doubts and learning: Valuing macroeconomic risk / Lars Peter Hansen -- 11. Three types of ambiguity. 11.1. Illustrative model. 11.2. No concern about robustness. 11.3. Representing probability distortions. 11.4. The first type of ambiguity. 11.5. Heterogeneous beliefs without robustness. 11.6. The second type of ambiguity. 11.7. The third type of ambiguity. 11.8. Comparisons. 11.9. Numerical example. 11.10. Concluding remarks.

Cover -- Half Title -- Title Page -- Copyright Page -- Preface -- Contents -- Chapter 1: Mathematical Preliminaries -- 1.1 Complex Numbers -- 1.2 Sequences -- 1.3 The Algebra of Operators -- 1.4 Introduction to Linear Algebra -- 1.5 Characteristic Roots -- Chapter 2: Introduction to Difference Equations -- 2.1 Applications of Differenc Eequations in Economics -- 2.2 The Concept of a Solution of a Difference Equation -- 2.3 The Solution of the Equation y(t+l) - ay(t) = b -- 2.4 Limiting Behavior of the Solution -- Chapter 3: General Theory of Linear Difference Equations -- 3.1 Introduction -- 3.2 The Homogeneous Linear Difference Equation -- 3.3 Summary -- Chapter 4: Linear Homogeneous Difference Equations with Constant Coefficients -- 4.1 Introduction -- 4.2 The Second Order Case -- 4.3 The n-th Order Case -- 4.4 Limiting Behavior of Solutions of Linear Homogeneous Difference Equations Having Constant Coefficients -- 4.5 Summary -- Chapter 5: Particular Solutions -- 5.1 Introduction -- 5.2 Particular Solution when f(t) is Constant -- 5.3 The Method of Undetermined Coefficients -- 5.4 Summary -- Chapter 6: Solving Linear Difference Equations Using Operators -- Chapter 7: Equilibrium and Stability -- 7.1 Introduction -- 7.2 The Routhian Conditions to Check Stability -- 7.3 Summary -- Chapter 8: Systems of Difference Equations -- Chapter 9: Distributed Lags -- 9.1 Introduction -- 9.2 The Koyck Distributed Lag Model -- 9.3 The Lag Polynomial Operator -- 9.4 The General Distributed Lag Model -- 9.5 Some Frequently Used Lag Distributions -- 9.6 Summary and Conclusions -- Chapter 10: Analysis of Accelerator Models -- 10.1 Introduction -- 10.2 Analysis Using Matrices and Shift Operators -- 10.3 Capital Stock Adjustment Models -- 10.4 Various Criticisms -- 10.5 Moving Equilibrium -- Chapter 11: Linear Dynamic Economic Models -- 11.1 Introduction

Pt.1: Strategic policy directions. - 209 S.; Pt. 2: Concluding part: Strategic policy measures. - 143 S

1. Introduction -- 2. Consumer behavior -- 3. Producer behavior -- 4. Market equilibrium models -- 5. Macroeconomic models -- 6. Microeconomic analysis using micro-data : qualitative-response models -- 7. Microeconomic analysis using panel data -- 8. Macroeconomic time-series analysis -- 9. Summary and conclusion.