EconStor >
Stockholm School of Economics >
EFI - The Economic Research Institute, Stockholm School of Economics >
SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics >

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10419/56191
  
Title:Solution of macromodels with Hansen-Sargent robust policies: Summary and some extensions PDF Logo
Authors:Giordani, Paolo
Söderlind, Paul
Issue Date:2002
Series/Report no.:SSE/EFI Working Paper Series in Economics and Finance 499
Abstract:We summarize some methods useful in formulating and solving Hansen-Sargent robust control problems, and suggest extensions to discretion and simple rules. Matlab, Octave, and Gauss software is provided. We illustrate these extensions with applications to the term structure of interest rates, the time inconsistency of optimal monetary policy, the effects of expectations on the variances of inflation and output, and on whether central banks should make their forecasts public.
Subjects:robustness
model uncertainty
discretion
simple rules
JEL:E43
E52
L61
Document Type:Working Paper
Appears in Collections:SSE/EFI Working Paper Series in Economics and Finance, EFI - The Economic Research Institute, Stockholm School of Economics

Files in This Item:
File Description SizeFormat
347285619.pdf341.4 kBAdobe PDF
No. of Downloads: Counter Stats
Download bibliographical data as: BibTeX
Share on:http://hdl.handle.net/10419/56191

Items in EconStor are protected by copyright, with all rights reserved, unless otherwise indicated.