Expected optimal feedback with Time-Varying Parameters

Marco P. Tucci (), David Kendrick and Hans Amman

Department of Economics University of Siena from Department of Economics, University of Siena

Abstract: In this paper we derive, by using dynamic programming, the closed loop form of the Expected Optimal Feedback rule with time varying parameter. As such this paper extends the work of Kendrick (1981, 2002, Chapter 6) for the time varying parameter case. Furthermore, we show that the Beck and Wieland (2002) model can be cast into this framework and can be treated as a special case of this solution.

JEL-codes: C63 E61 (search for similar items in EconPapers)
Date: 2007-02
New Economics Papers: this item is included in nep-mac
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

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Related works:
Journal Article: Expected Optimal Feedback with Time-Varying Parameters (2013)
Working Paper: Expected optimal feedback with Time-Varying Parameters (2011)
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Persistent link: https://EconPapers.repec.org/RePEc:usi:wpaper:497

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