Journal of Economic Dynamics and Control

1979 - 2025

Current editor(s): J. Bullard, C. Chiarella, H. Dawid, C. H. Hommes, P. Klein and C. Otrok

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Volume 42, issue C, 2014

An escape time interpretation of robust control pp. 1-12

Inkoo Cho and Kenneth Kasa

Quadratic hedging schemes for non-Gaussian GARCH models pp. 13-32

Alexandru Badescu, Robert J. Elliott and Juan-Pablo Ortega

Monetary policy trade-offs in an estimated open-economy DSGE model pp. 33-49

Malin Adolfson, Stefan Laséen, Jesper Lindé and Lars Svensson

Structural evolution of the postwar U.S. economy pp. 50-68

Yuelin Liu and James Morley

Repeated moral hazard and recursive Lagrangeans pp. 69-85

Antonio Mele

Consuming durable goods when stock markets jump: A strategic asset allocation approach pp. 86-104

João Amaro de Matos and Nuno Miguel Barateiro Silva

Optimal harvesting of a spatial renewable resource pp. 105-120

Stefan Behringer and Thorsten Upmann

Misallocation, informality, and human capital: Understanding the role of institutions pp. 122-142

D׳Erasmo, Pablo N., Hernan Moscoso Boedo and Asli Senkal

Spatial externalities and agglomeration in a competitive industry pp. 143-174

William Brock, Anastasios Xepapadeas and Athanasios N. Yannacopoulos

Trend inflation, sticky prices, and expectational stability pp. 175-187

Takushi Kurozumi

Volume 41, issue C, 2014

The shadow economy as an equilibrium outcome pp. 1-19

Pedro Gomis-Porqueras, Adrian Peralta-Alva and Christopher Waller

Abatement R&D, market imperfections, and environmental policy in an endogenous growth model pp. 20-37

Hsun Chu and Ching-chong Lai

Validating an agent-based model of the Zipf׳s Law: A discrete Markov-chain approach pp. 38-49

Bruno Gaujal, Laszlo Gulyas, Yuri Mansury and Eric Thierry

Heterogeneous beliefs in over-the-counter markets pp. 50-68

Marc De Kamps, Daniel Ladley and Aistis Simaitis

Forecasting and decomposition of portfolio credit risk using macroeconomic and frailty factors pp. 69-92

Yongwoong Lee and Ser-Huang Poon

Cross-hedging minimum return guarantees: Basis and liquidity risks pp. 93-109

Stefan Ankirchner, Judith C. Schneider and Nikolaus Schweizer

Optimal interest-rate rules and inflation stabilization versus price-level stabilization pp. 110-129

Marc Giannoni

Best response dynamics with level-n expectations in two-stage games pp. 130-153

Herbert Dawid and Dennis Heitmann

Understanding the effect of technology shocks in SVARs with long-run restrictions pp. 154-172

Jeremy Chaudourne, Patrick Fève and Alain Guay

Money, random matching and endogenous growth: A quantitative analysis pp. 173-187

Angus Chu, Kamhon Kan, Ching-chong Lai and Chih-Hsing Liao

Optimism, pessimism and financial bubbles pp. 188-208

Bertrand Wigniolle

Living in an imaginary world that looks real pp. 209-223

Maciej Dudek

Wars and capital destruction pp. 224-240

Stéphane Auray, Aurélien Eyquem and Frédéric Jouneau-Sion

Trend growth and learning about monetary policy rules pp. 241-256

Mewael F. Tesfaselassie

A new look at variation in employment growth in Canada: The role of industry, provincial, national and external factors pp. 257-275

Michele Campolieti, Deborah Gefang and Gary Koop

Executive compensation and earnings management under moral hazard pp. 276-290

Bo Sun

Volume 40, issue C, 2014

Solving DSGE portfolio choice models with dispersed private information pp. 1-24

Cédric Tille and Eric van Wincoop

Effective sub-simulation-free upper bounds for the Monte Carlo pricing of callable derivatives and various improvements to existing methodologies pp. 25-45

Mark Joshi and Robert Tang

Stock prices and monetary policy shocks: A general equilibrium approach pp. 46-66

Edouard Challe and Chryssi Giannitsarou

On the role of policy interventions in structural change and economic development: The case of postwar Japan pp. 67-83

Julen Esteban-Pretel and Yasuyuki Sawada

Model-free CPPI pp. 84-94

Alexander Schied

Optimal Diamond–Dybvig mechanism in large economies with aggregate uncertainty pp. 95-102

Bruno Sultanum

More neighbors, more efficiency pp. 103-115

Zhiwei Cui

Heterogeneous expectations in the gold market: Specification and estimation pp. 116-133

Dirk Baur and Kristoffer Glover

Optimal adaptation strategies to face shocks on groundwater resources pp. 134-153

Julia de Frutos Cachorro, Katrin Erdlenbruch and Mabel Tidball

Vintage human capital and learning curves pp. 154-178

Matthias Kredler

Do option-like incentives induce overvaluation? Evidence from experimental asset markets pp. 179-194

Martin Holmen, Michael Kirchler and Daniel Kleinlercher

The optimal management of renewable resources under the risk of potential regime shift pp. 195-212

Bijie Ren and Stephen Polasky

Valuation of stock loans with jump risk pp. 213-241

Ning Cai and Lihua Sun

An empirical study of the Mexican banking system’s network and its implications for systemic risk pp. 242-265

Serafin Martinez-Jaramillo, Biliana Alexandrova-Kabadjova, Bernardo Bravo-Benitez and Juan Pablo Solórzano-Margain

Patterns of technology, industry concentration, and productivity growth without scale effects pp. 266-278

Colin Davis and Ken-ichi Hashimoto

Consumer misperceptions, uncertain fundamentals, and the business cycle pp. 279-292

Patrick Hürtgen

Time-consistent investment policies in Markovian markets: A case of mean–variance analysis pp. 293-316

Zhiping Chen, Gang Li and Yonggan Zhao

Adaptive learning and distributional dynamics in an incomplete markets model pp. 317-333

Andrea Giusto

Public infrastructure investment, output dynamics, and balanced budget fiscal rules pp. 334-354

Pedro Bom and Jenny Ligthart

Adaptive learning, endogenous uncertainty, and asymmetric dynamics pp. 355-373

Eran Guse

Volume 39, issue C, 2014

The cyclicality of job-to-job transitions and its implications for aggregate productivity pp. 1-17

Toshihiko Mukoyama

Partial information about contagion risk, self-exciting processes and portfolio optimization pp. 18-36

Nicole Branger, Holger Kraft and Christoph Meinerding

Optimal consumption under uncertainty, liquidity constraints, and bounded rationality pp. 237–254

Ömer Özak

Adaptive consumption behavior pp. 37-61

Peter Howitt and Ömer Özak

On the welfare costs of business-cycle fluctuations and economic-growth variation in the 20th century and beyond pp. 62-78

Osmani Guillén, João Issler and Afonso Arinos de Mello Franco-Neto

Biased Bayesian learning with an application to the risk-free rate puzzle pp. 79-97

Alexander Ludwig and Alexander Zimper

Credit risk and asymmetric information: A simplified approach pp. 98-112

Snorre Lindset, Arne-Christian Lund and Svein-Arne Persson

Anticipation, learning and welfare: the case of distortionary taxation pp. 113-126

Emanuel Gasteiger and Shoujian Zhang

Capital, credit constraints and the comovement between consumer durables and nondurables pp. 127-139

Been-Lon Chen and Shian-Yu Liao

Do firms share the same functional form of their growth rate distribution? A statistical test pp. 140-164

José T. Lunardi, Salvatore Miccichè, Fabrizio Lillo, Rosario Mantegna and Mauro Gallegati

Steady-state properties in a class of dynamic models pp. 165-177

Yacov Tsur and Amos Zemel

Robust tracking error portfolio selection with worst-case downside risk measures pp. 178-207

Aifan Ling, Jie Sun and Xiaoguang Yang

Equilibrium Heterogeneous-Agent models as measurement tools: Some Monte Carlo evidence pp. 208-226

Marco Cozzi

Bounded interest rate feedback rules in continuous-time pp. 227-236

Hippolyte d'Albis, Emmanuelle Augeraud-Véron and Hermen Jan Hupkes

Limited participation in international business cycle models: A formal evaluation pp. 255-272

Xiaodan Gao, Viktoria Hnatkovska and Vadim Marmer

Capital maintenance and depreciation over the business cycle pp. 273-286

Alice Albonico, Sarantis Kalyvitis and Evi Pappa