How Should Control Theory Be Used to Calculate a Time-Consistent Government Policy?
- 1 April 1988
- journal article
- research article
- Published by Oxford University Press (OUP) in The Review of Economic Studies
- Vol. 55 (2) , 263-274
- https://doi.org/10.2307/2297581
Abstract
We study different solutions to a simple one-dimensional linear quadratic game with a large number of private agents and a government. A “time-consisThis publication has 1 reference indexed in Scilit:
- On the Time Consistency of Optimal Policy in a Monetary EconomyEconometrica, 1978