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

From Elsevier
Bibliographic data for series maintained by Catherine Liu ().

Access Statistics for this journal.
Is something missing from the series or not right? See the RePEc data check for the archive and series.

Volume 28, issue 12, 2004

Can indeterminacy resolve the cross-country correlation puzzle? pp. 2341-2366

Wei Xiao

Solution of macromodels with Hansen-Sargent robust policies: some extensions pp. 2367-2397

Paolo Giordani and Paul Söderlind

Randomized quasi-Monte Carlo methods in pricing securities pp. 2399-2426

Giray Okten and Warren Eastman

Using dynamic programming with adaptive grid scheme for optimal control problems in economics pp. 2427-2456

Lars Grune and Willi Semmler

Existence of competitive equilibrium under financial constraints and increasing returns pp. 2457-2473

H. Nur Ata and Erdem Basci

On the local stability of the solution to optimal control problems pp. 2475-2484

Alvaro Rodriguez

The allocation of public funds in a hierarchical educational system pp. 2485-2510

Xuejuan Su

Volume 28, issue 11, 2004

Technology adoption with finite horizons pp. 2129-2154

Xavier Mateos-Planas

Endogenous skill bias pp. 2155-2193

Peter Funk and Thorsten Vogel

Strategic asset allocation in a continuous-time VAR model pp. 2195-2214

John Campbell, George Chacko, Jorge Rodriguez and Luis Viceira

Can financial intermediation induce endogenous fluctuations pp. 2215-2238

Sanjay Banerji, Joydeep Bhattacharya and Ngo Long

Optimal design of the guarantee for defined contribution funds pp. 2239-2260

Griselda Deelstra, Martino Grasselli and Pierre-Francois Koehl

Determinants of the foreign equity share of international joint ventures pp. 2261-2275

Tan Lee

Consistent high-frequency calibration pp. 2277-2295

David Aadland and Kevin Huang

Switching equilibria: the present value model for stock prices revisited pp. 2297-2325

María-José Gutiérrez and Jesús Vázquez

Signalling ability to pay and rent sharing dynamics pp. 2327-2339

Shaun Vahey

Volume 28, issue 10, 2004

Equilibrium stock return dynamics under alternative rules of learning about hidden states pp. 1925-1954

M.W.Michael W. Brandt, Qi Zeng and Lu Zhang

A sufficient condition for the existence and the uniqueness of a solution in macroeconomic models with perfect foresight pp. 1955-1975

J.-P.Jean-Pierre Laffargue

Cattle cycles, heterogeneous expectations and the age distribution of capital pp. 1977-2002

David Aadland

Limited information capacity as a source of inertia pp. 2003-2035

Giuseppe Moscarini

Optimal tax/subsidy combinations for the flu season pp. 2037-2054

P.J. Peter J. Francis

The compound option approach to American options on jump-diffusions pp. 2055-2074

C.R.Chandrasekhar Reddy Gukhal

Learning to predict rationally when beliefs are heterogeneous pp. 2075-2104

Jan Wenzelburger

On the relation between robust and Bayesian decision making pp. 2105-2117

Klaus Adam

Portfolio selection subject to growth objectives pp. 2119-2128

Klaus Hellwig

Volume 28, issue 9, 2004

Double auction dynamics: structural effects of non-binding price controls pp. 1707-1731

Gode, Dhananjay (Dan) K. and Shyam Sunder

Irreversibility, uncertainty and growth pp. 1733-1756

Stephanie Jamet

Subjective temporary equilibrium pp. 1757-1780

Shurojit Chatterji

Dynamic Cournot-competitive harvesting of a common pool resource pp. 1781-1799

Leif Sandal and Stein Ivar Steinshamn

Estimation of a generalized random-effects model: some ECME algorithms and Monte Carlo evidence pp. 1801-1824

Robert Phillips

The economic effects of immigration--a dynamic analysis pp. 1825-1845

Michael Ben-Gad

Dynamic bargaining with action-dependent valuations pp. 1847-1875

Robert Lemke

Price uncertainty and consumer welfare in an intertemporal setting pp. 1877-1901

Shawn Ni and Neil Raymon

Sources of growth and the spectral properties of the labor market search model pp. 1903-1923

Julien Matheron, Tristan-Pierre Maury and Fabien Tripier

Volume 28, issue 8, 2004

Computing currency invariant indices with an application to minimum variance currency baskets pp. 1481-1504

Nikolai V. Hovanov, James W. Kolari and Mikhail Sokolov

Comment on Hovanov, Kolari and Sokolov: a stable currency numeraire? pp. 1505-1510

Arjen Siegmann

Taxation, risk-taking and growth: a continuous-time stochastic general equilibrium analysis with labor-leisure choice pp. 1511-1539

Turalay Kenc

On the economics of the optimal fallow-cultivation cycle pp. 1541-1556

Yngve Willassen

Network structure and the diffusion of knowledge pp. 1557-1575

Robin Cowan and Nicolas Jonard

What determines aggregate returns to scale? pp. 1577-1594

Jinill Kim

Exchange rates and interest rates: can term structure models explain currency movements? pp. 1595-1624

Ahmet Can Inci and Biao Lu

Industrialization and substitutability: a note pp. 1625-1634

Masao Yamada

Solving for optimal simple rules in rational expectations models pp. 1635-1660

Richard Dennis

Dynamic taxes and quotas with learning pp. 1661-1680

Christopher Costello and Larry Karp

Altruism, intergenerational transfers of time and bequests pp. 1681-1701

Emanuela Cardia and Philippe Michel

Algorithms for worst-case design and applications to risk management, Berc Rustem, Melendres Howe pp. 1703-1706

David G. Luenberger

Volume 28, issue 7, 2004

Special issue on Mathematical Programming pp. 1227-1227

Michael Ferris, Kenneth Judd and Berc Rustem

Computing Nash equilibria by iterated polymatrix approximation pp. 1229-1241

Srihari Govindan and Robert Wilson

Characterization of Markovian equilibria in a class of differential games pp. 1243-1266

Juan Pablo Rincón-Zapatero

A two-factor, stochastic programming model of Danish mortgage-backed securities pp. 1267-1289

Soren S. Nielsen and Rolf Poulsen

Simulation and optimization approaches to scenario tree generation pp. 1291-1315

Nalan Gulpinar, Berc Rustem and Reuben Settergren

Optimal portfolios under a value-at-risk constraint pp. 1317-1334

K. F. C. Yiu

Finding a maximum skewness portfolio--a general solution to three-moments portfolio choice pp. 1335-1352

Gustavo M. de Athayde and Renato Flores

Shortfall as a risk measure: properties, optimization and applications pp. 1353-1381

Dimitris Bertsimas, Geoffrey J. Lauprete and Alexander Samarov

Modeling overlapping generations in a complementarity format pp. 1383-1409

Tobias Rasmussen and Thomas Rutherford

Computing equilibrium in OLG models with stochastic production pp. 1411-1436

Dirk Krueger and Felix Kubler

Investment under uncertainty: calculating the value function when the Bellman equation cannot be solved analytically pp. 1437-1460

Thomas Dangl and Franz Wirl

Innovations, improvements, and the optimal adoption of new technologies pp. 1461-1480

Ulrich Doraszelski

Volume 28, issue 6, 2004

A generalized impulse control model of cash management pp. 1013-1033

Avner Bar-ilan, David Perry and Wolfgang Stadje

Motion picture profit, the stable Paretian hypothesis, and the curse of the superstar pp. 1035-1057

Arthur S. De Vany and W. Walls

Increasing returns, capital utilization, and the effects of government spending pp. 1059-1078

Jang-Ting Guo

A geometric approach to multiperiod mean variance optimization of assets and liabilities pp. 1079-1113

Markus Leippold, Fabio Trojani and Paolo Vanini

Optimal consumption-portfolio choices and retirement planning pp. 1115-1148

Zvi Bodie, Jerome Detemple, Susanne Otruba and Stephan Walter

Sustainable growth, renewable resources and pollution: Thresholds and cycles pp. 1149-1157

Franz Wirl

Path-dependence in a Ramsey model with resource amenities and limited regeneration pp. 1159-1184

Reyer Gerlagh and Michiel Keyzer

A dynamic model of job networking and social influences on employment pp. 1185-1204

Brian Krauth

A method for taking models to the data pp. 1205-1226

Peter Ireland

Volume 28, issue 5, 2004

Financial decision models in a dynamical setting pp. 859-860

Gautam Mitra and Stavros Zenios

A multiperiod binomial model for pricing options in a vague world pp. 861-887

Silvia Muzzioli and Costanza Torricelli

Option pricing with transaction costs using a Markov chain approximation pp. 889-913

Michael Monoyios

The American put under transactions costs pp. 915-935

Stylianos Perrakis and Jean Lefoll

Capital growth with security pp. 937-954

Leonard C. MacLean, Rafael Sanegre, Yonggan Zhao and William T. Ziemba

Scenario modelling for selective hedging strategies pp. 955-974

Andrea Beltratti, Andrea Laurant and Stavros Zenios

Intertemporal surplus management pp. 975-990

Markus Rudolf and William T. Ziemba

Modeling financial reinsurance in the casualty insurance business via stochastic programming pp. 991-1012

Petter E. de Lange, Stein-Erik Fleten and Alexei A. Gaivoronski

Volume 28, issue 4, 2004

Indeterminacy and fiscal policies in a growing economy pp. 645-660

Hyun Park and Apostolis Philippopoulos

Indicator variables for optimal policy under asymmetric information pp. 661-690

Lars Svensson and Michael Woodford

The cyclical behavior of household and business investment in a cash-in-advance economy pp. 691-706

Victor E. Li and Chia-Ying Chang

The Peso problem hypothesis and stock market returns pp. 707-725

Pietro Veronesi

Option valuation with co-integrated asset prices pp. 727-754

Jin-Chuan Duan and Stanley R. Pliska

Solving dynamic general equilibrium models using a second-order approximation to the policy function pp. 755-775

Stephanie Schmitt-Grohe and Martín Uribe

Computing solutions to moral-hazard programs using the Dantzig-Wolfe decomposition algorithm pp. 777-800

Edward Prescott

How many cake-eaters? Chouette, on a du monde a diner ! pp. 801-815

Pascal Favard and Larry Karp

Asset returns in an endogenous growth model with incomplete markets pp. 817-839

Tom Krebs and Bonnie Wilson

Multiple equilibria, fiscal policy, and human capital accumulation pp. 841-856

Jaime Alonso-Carrera and María Jesús Freire-Seren

Volume 28, issue 3, 2003

Credit market frictions and their direct effects on U.S. manufacturing fluctuations pp. 419-443

Wenli Li and Pierre Daniel Sarte

Optimal management of fringe entry over time pp. 445-466

Gila E. Fruchter and Paul R. Messinger

Nonlinear Phillips curves, mixing feedback rules and the distribution of inflation and output pp. 467-492

Luisa Corrado and Sean Holly

Speculative markets and the effectiveness of price limits pp. 493-508

Frank Westerhoff

Harvesting a renewable resource under uncertainty pp. 509-529

Jean-Daniel Saphores

Simulation-based exact jump tests in models with conditional heteroskedasticity pp. 531-553

Lynda Khalaf, Jean-Daniel Saphores and Jean-Francois Bilodeau

International portfolio choice, liquidity constraints and the home equity bias puzzle pp. 555-594

Alexander Michaelides

Capital tax reform, corporate finance, and economic growth and welfare pp. 595-615

Holger Strulik

Long-run effects of unfunded social security with earnings-dependent benefits pp. 617-641

Jie Zhang and Junsen Zhang

Volume 28, issue 2, 2003

Optimal consumption and investment strategies with a perishable and an indivisible durable consumption good pp. 209-253

Anders Damgaard, Brian Fuglsbjerg and Claus Munk

Welfare costs of inflation in a dynamic economy with search unemployment pp. 255-272

Burkhard Heer

Computing sunspot equilibria in linear rational expectations models pp. 273-285

Thomas Lubik and Frank Schorfheide

Strong time-consistency in the cartel-versus-fringe model pp. 287-306

Fons Groot, Cees Withagen and Aart de Zeeuw

Equipment prices, human capital and economic growth pp. 307-329

Salvador Ortigueira

Welfare effects of controlling labor supply: an application of the stochastic Ramsey model pp. 331-348

Henrik Amilon and Hans-Peter Bermin

A Gibbs sampler for structural vector autoregressions pp. 349-366

Daniel Waggoner and Tao Zha

Equilibrium dynamics in the one-sector endogenous growth model with physical and human capital pp. 367-375

Manuel Gómez

The effect of mean reversion on investment under uncertainty pp. 377-396

Sudipto Sarkar

Labor hoarding, superior information, and business cycle dynamics pp. 397-418

Martin Boileau and Michel Normandin

Volume 28, issue 1, 2003

The Phillips curve as a long-run phenomenon in a macroeconomic model with complex dynamics pp. 1-26

Luca Colombo and Gerd Weinrich

Estimating seemingly unrelated regression models with vector autoregressive disturbances pp. 27-44

Paolo Foschi and Erricos Kontoghiorghes

Optimal portfolio choice for unobservable and regime-switching mean returns pp. 45-78

Toshiki Honda

Transfers to sustain dynamic core-theoretic cooperation in international stock pollutant control pp. 79-99

Marc Germain, Philippe Toint, Henry Tulkens and Aart de Zeeuw

Adjustment costs, learning, and indeterminacy pp. 101-116

Christophre Georges

Adaptive expectations coordination in an economy with heterogeneous agents pp. 117-140

Giorgio Negroni

The simple analytics of optimal growth with illegal migrants pp. 141-151

Bharat Hazari and Pasquale Sgro

Military spending and stochastic growth pp. 153-170

Liutang Gong and Heng-Fu Zou

Expectational stability of stationary sunspot equilibria in a forward-looking linear model pp. 171-181

George Evans and Seppo Honkapohja

A class +1 sigmoidal activation functions for FFANNs pp. 183-187

Yogesh Singh and Pravin Chandra

A computational approach to liquidity-constrained firms over an infinite horizon pp. 189-205

Masanori Ono

Erratum to "A computational approach to liquidity-constrained firms over an infinite horizon" pp. 207-207

Masanori Ono