Concepedia
Journal of Economic Dynamics and Control · 1987 · 70 citations · 11 references
Stochastic SimulationExpectation FormationEngineeringStochastic SystemStochastic CalculusStochastic Dynamical SystemStochastic AnalysisProbability TheoryFeedback RulesStochastic ControlDecision TheoryFinance
11
Rules Rather than Discretion: The Inconsistency of Optimal Plans
Finn E. Kydland, Edward C. Prescott · Journal of Political Economy · 1977 · 7.8K citations
Behavioral Decision Making, Game Theory, Optimal Plans +23
Optimal Choice of Monetary Policy Instruments in a Simple Stochastic Macro Model
William Poole · The Quarterly Journal of Economics · 1970 · 1.3K citations
On the Time Consistency of Optimal Policy in a Monetary Economy
Guillermo A. Calvo · Econometrica · 1978 · 815 citations
Dynamic Economic Model, Monetary Policy, Economics +9
Conjugate convex functions in optimal stochastic control
Jean‐Michel Bismut · Journal of Mathematical Analysis and Applications · 1973 · 720 citations
Conjugate Convex Functions, Stochastic Control, Convex Optimization
Conditions for Unique Solutions in Stochastic Macroeconomic Models with Rational Expectations
John B. Taylor · Econometrica · 1977 · 213 citations