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 21, issue 10, 1997

The pricing of credit risk derivatives pp. 1579-1611

Yiannos A. Pierides

Active learning: A correction pp. 1613-1614

Hans Amman and David Kendrick

The value of information: The case of signal-dependent opportunity sets pp. 1615-1625

Eyal Sulganik and Itzhak Zilcha

A portfolio approach to endogenous growth: equilibrium and optimal policy pp. 1627-1644

Giancarlo Corsetti

Using stochastic growth models to understand unit roots and breaking trends pp. 1645-1667

Sau-Him Paul Lau

Optimal policy in a model of endogenous fluctuations and assets pp. 1669-1697

B. Taub

On the dynamic selection of mechanisms for provision of public projects pp. 1699-1725

Roger Lagunoff

Industry evolution and R&D externalities pp. 1727-1746

Stefan Folster and Georgi Trofimov

Labor market search and capital accumulation: Some analytical results pp. 1747-1776

Shouyong Shi and Quan Wen

Hierarchical Decision Making in Stochastic Manufacturing Systems: S.P. Sethi and Qing Zhang, (Birkhauser, Boston, Cambridge, MA) ISBN 0-8176-3735-4 pp. 1777-1780

El-Kebir Boukas

Volume 21, issue 8-9, 1997

Introduction pp. 1263-1265

Stavros A. Zenios

Monte Carlo methods for security pricing pp. 1267-1321

Phelim Boyle, Mark Broadie and Paul Glasserman

Pricing American-style securities using simulation pp. 1323-1352

Mark Broadie and Paul Glasserman

Optimal delta-hedging under transactions costs pp. 1353-1376

Les Clewlow and Stewart Hodges

Strategic asset allocation pp. 1377-1403

Michael Brennan, Eduardo S. Schwartz and Ronald Lagnado

Solving long-term financial planning problems via global optimization pp. 1405-1425

C. D. Maranas, I. P. Androulakis, C. A. Floudas, A. J. Berger and J. M. Mulvey

An integrated stock-bond portfolio optimization model pp. 1427-1444

Hiroshi Konno and Katsunari Kobayashi

A model for designing callable bonds and its solution using tabu search pp. 1445-1470

Andrea Consiglio and Stavros Zenios

Order flow and the bid-ask spread: An empirical probability model of screen-based trading pp. 1471-1491

Tim Bollerslev, Ian Domowitz and Jianxin Wang

Maximum likelihood estimation of the nonlinear rational expectations asset pricing model pp. 1493-1510

Mario Miranda and Xiongwen Rui

Precautionary portfolio behavior from a life-cycle perspective pp. 1511-1542

Carol C. Bertaut and Michael Haliassos

A learning-to-forecast experiment on the foreign exchange market with a classifier system pp. 1543-1575

Luca Beltrametti, Riccardo Fiorentini, Luigi Marengo and Roberto Tamborini

Volume 21, issue 7, 1997

Explaining the facts with adaptive agents: The case of mutual fund flows pp. 1117-1147

Martin Lettau

E-equilibria and adaptive expectations: Output and inflation in the LBS model pp. 1149-1171

Anthony Garratt and Stephen Hall

A reconsideration of the (in)sensitivity of tests of the intertemporal allocation of consumption to near rational alternatives pp. 1173-1180

Edward Glaeser and Anna Paulson

Aggregate investment in a business cycle model with adjustment costs pp. 1181-1198

Javier Valles

On aggregation of information in competitive markets: The dynamic case pp. 1199-1227

Narayan Y. Naik

Multi-period information markets pp. 1229-1258

Narayan Y. Naik

Growth and economic development: Siro Lombardini, (Edward Elgar, Cheltenham, Glos., UK; Brookfield, Vermont, USA) ISBN 1 85898 394 0; [UK pound]49.95 pp. 1259-1262

K. Vela Velupillai

Volume 21, issue 6, 1997

The JEDC and computational economics pp. 905-906

Hans Amman

Computational economics and economic theory: Substitutes or complements? pp. 907-942

Kenneth Judd

On the computability of Nash equilibria pp. 943-953

Kislaya Prasad

Expository notes on computability and complexity in (arithmetical) games pp. 955-979

(Vela) Velupillai, K.

Do CAPM results hold in a dynamic economy? A numerical analysis pp. 981-1003

Levent Akdeniz and W. Davis Dechert

Technical progress and aggregate fluctuations pp. 1005-1023

Gary Hansen

Asymptotic methods for aggregate growth models pp. 1025-1042

Kenneth Judd and Sy-Ming Guu

Toward a computable approach to the efficient market hypothesis: An application of genetic programming pp. 1043-1063

Shu-Heng Chen and Chia-Hsuan Yeh

A robust hedging algorithm pp. 1065-1092

M. A. Howe and B. Rustem

Sparse direct methods for model simulation pp. 1093-1111

Manfred Gilli and Giorgio Pauletto

Dynamic noncooperative game theory: Tamer Basar and Geert Jan Olsder, 2nd ed. (Academic Press, San Diego, CA, 1995) ISBN 0-12-080221-X pp. 1113-1116

Harri Ehtamo

Volume 21, issue 4-5, 1997

A floor and ceiling model of US output pp. 661-695

Mohammad Pesaran and Simon Potter

A stochastic equilibrium model of internet pricing pp. 697-722

Alok Gupta, Dale Stahl and Andrew B. Whinston

Chow's method of optimal control pp. 723-737

Michael Reiter

Chow's method of optimal control: A numerical solution pp. 739-752

Yum K. Kwan and Gregory C. Chow

Hedging in incomplete markets with HARA utility pp. 753-782

Darrell Duffie, Wendell Fleming, H. Mete Soner and Thaleia Zariphopoulou

Equilibrium analysis of the infinite horizon model with smooth discounted utility functions pp. 783-829

Yves Balasko

An exact solution for the investment and value of a firm facing uncertainty, adjustment costs, and irreversibility pp. 831-852

Andrew Abel and Janice Eberly

A market structure for an environment with heterogeneous job-matches, indivisible labor and persistent unemployment pp. 853-872

Monika Merz

Central bank independence and public debt policy pp. 873-894

Roel Beetsma and Lans Bovenberg

Economic growth: Robert J. Barro and Xavier Sala-i-Martin, (McGraw-Hill, 1995), 539 pp pp. 895-898

Been-Lon Chen

Control and game-theoretic models of the environment: C. Carraro and J.A. Filar (eds.) Annals of the International Society of Dynamic Games, Vol. 2 (Birkhauser, Boston, USA, 1995) pp. 899-903

Anantha K. Duraiappah

Volume 21, issue 2-3, 1997

A comparison of numerical and analytic approximate solutions to an intertemporal consumption choice problem pp. 273-295

John Campbell and Hyeng Keun Koo

Numerical analysis of a free-boundary singular control problem in financial economics pp. 297-327

Ayman Hindy, Chi-fu Huang and Steven H. Zhu

Optimal funding rules pp. 329-345

B. Pesaran and G. N. Robinson

Differential-difference equations in economics: On the numerical solution of vintage capital growth models pp. 347-362

Raouf Boucekkine, Omar Licandro and Christopher Paul

Numerical solutions of the algebraic matrix Riccati equation pp. 363-369

Hans Amman and Heinz Neudecker

Martingale analysis of dynamic tax incidence in a nonstationary growth model pp. 371-389

Sumit Joshi

Understanding the welfare implications of currency substitution pp. 391-416

Federico Sturzenegger

Is there a tragedy of a common central bank? A dynamic analysis pp. 417-447

Bas van Aarle, Lans Bovenberg and Matthias G. Raith

Sectoral shocks and movement costs: Effects on employment and welfare pp. 449-471

Kwanho Shin

Pareto optima, welfare weights, and smooth equilibrium analysis pp. 473-503

Yves Balasko

Recursive utility, martingales, and the asymptotic behaviour of optimal processes pp. 505-523

Sumit Joshi

Optimal consumption and portfolio rules with durability and habit formation pp. 525-550

Ayman Hindy, Chi-fu Huang and Steven H. Zhu

On optimal sharing rules in discrete-and continuous-time principal-agent problems with exponential utility pp. 551-574

Heinz Schattler and Jaeyoung Sung

Optimal management of an R&D budget pp. 575-602

Prajit K. Dutta

Optimal investment and finance in renewable resource harvesting pp. 603-630

Steffen Jorgensen and Peter Kort

The arms trade and the stability of regional arms races pp. 631-654

Paul Levine and Ronald Smith

Innovation, economics, and revolution: Peter Hall, (Harvester-Wheatsheaf, 1994) ISBN 0-7450-1251-5, [UK pound] 26.95 pp. 655-656

Charles Hickson

Economics under adversity: Jack Hirshleifer, (The University of Chicago Press, Chicago, IL, 1987) ISBN 0-226-34282-4, $42.00 pp. 656-660

Charles Hickson

Volume 21, issue 1, 1997

Endogenous growth theory: An introduction pp. 1-22

Larry Jones and Rodolfo Manuelli

The empirics of growth and convergence: A selective review pp. 23-73

Angel de La Fuente

The sources of growth pp. 75-114

Larry Jones and Rodolfo Manuelli

Equilibrium dynamics in two-sector models of endogenous growth pp. 115-143

Antonio Ladron-de-Guevara, Salvador Ortigueira and Manuel S. Santos

Financial markets in development, and the development of financial markets pp. 145-181

Jeremy Greenwood and Bruce Smith

Productive government expenditures and long-run growth pp. 183-204

Gerhard Glomm and B Ravikumar

The problem of population and growth: A review of the literature from Malthus to contemporary models of endogenous population and endogenous growth pp. 205-242

Isaac Ehrlich and Francis Lui

Politico-economic equilibrium and economic growth pp. 243-272

Per Krusell, Vincenzo Quadrini and José-Víctor Ríos-Rull