Control óptimo estocástico en una economía bajo riesgo e incertidumbre

Francisco Venegas-Martínez and Roberto Ballinez Ambriz
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Roberto Ballinez Ambriz: Tecnológico de Monterrey

Revista de Administración, Finanzas y Economía (Journal of Management, Finance and Economics), 2007, vol. 1, issue 2, 134-147

Abstract: The aim of this paper is to develop a stochastic optimal control model for a closed economy with three sectors: consumers, firms and government. The random variables that drive the stochastic dynamics of relevant economic and financial variables follow a Wiener process or Brownian motion. On the basis of the proposed model, several aspects of monetary and fiscal policy are analyzed and various equilibrium relations, such as capital accumulation and inflation, are discussed

Keywords: Análisis dinámico; Política monetaria y fiscal; Crecimiento económico e inversión; Riesgo inflacionario (search for similar items in EconPapers)
JEL-codes: C61 E22 E52 E62 (search for similar items in EconPapers)
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ega:rafega:200710

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