## United States current account deficits: A stochastic optimal control analysis 1

*Jerome L. Stein*

### in Stochastic Optimal Control, International Finance, and Debt Crises

- Published in print:
- 2006
- Published Online:
- May 2006
- ISBN:
- 9780199280575
- eISBN:
- 9780191603501
- Item type:
- chapter

- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199280576.003.0009
- Subject:
- Economics and Finance, Financial Economics

For nearly a quarter of a century, the US has persistently run significant current account deficits that transformed it from the world’s largest net creditor to its largest debtor. The stochastic ... More

## Country default risk in emerging markets 1

*Jerome L. Stein*

### in Stochastic Optimal Control, International Finance, and Debt Crises

- Published in print:
- 2006
- Published Online:
- May 2006
- ISBN:
- 9780199280575
- eISBN:
- 9780191603501
- Item type:
- chapter

- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199280576.003.0007
- Subject:
- Economics and Finance, Financial Economics

Early Warning Signals of a default or debt crisis are derived by drawing upon the stochastic optimal control model of an optimal and excessive short-term debt developed in chapter 2. Operational ... More

## Stochastic Optimal Control

*Tomas Björk*

### in Arbitrage Theory in Continuous Time

- Published in print:
- 2004
- Published Online:
- October 2005
- ISBN:
- 9780199271269
- eISBN:
- 9780191602849
- Item type:
- chapter

- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199271267.003.0019
- Subject:
- Economics and Finance, Financial Economics

This chapter analyses the stochastic optimal control problem. The problem considers an economic agent over a fixed time interval [0, T]. At time t = 0, the agent is endowed with initial wealth x0, ... More

## Asian crises: Theory, evidence, warning Signals 1

*Jerome L. Stein*

### in Stochastic Optimal Control, International Finance, and Debt Crises

- Published in print:
- 2006
- Published Online:
- May 2006
- ISBN:
- 9780199280575
- eISBN:
- 9780191603501
- Item type:
- chapter

- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0199280576.003.0008
- Subject:
- Economics and Finance, Financial Economics

The Asian financial crises were unexpected by the market and many countries in the region experienced it at about the same time. Drawing upon the theoretical analyses in chapters 2-4, an operational ... More

## Optimal Control Theory

*Thomas A. Weber*

### in Optimal Control Theory with Applications in Economics

- Published in print:
- 2011
- Published Online:
- August 2013
- ISBN:
- 9780262015738
- eISBN:
- 9780262298483
- Item type:
- chapter

- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262015738.003.0003
- Subject:
- Mathematics, Probability / Statistics

This chapter introduces the notion of a controllable system, which is a system that can be moved using available controls from one state to another. The chapter is organized as follows. Section 3.2 ... More

## Microeconomic Responses to Macroeconomic Reforms: The Optimal Control of Soil Erosion

*Scott Barrett*

### in The Environment and Emerging Development Issues: Volume 2

- Published in print:
- 2000
- Published Online:
- September 2007
- ISBN:
- 9780199240708
- eISBN:
- 9780191718106
- Item type:
- chapter

- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199240708.003.0009
- Subject:
- Economics and Finance, Development, Growth, and Environmental

This chapter aims to determine precisely how macroeconomic and sectoral policies influence soil conservation with the use of an optimal control model. It shows that in general, it is not possible to ... More

## Optimal Control Theory

*Emanuel Todorov*

### in Bayesian Brain: Probabilistic Approaches to Neural Coding

- Published in print:
- 2006
- Published Online:
- August 2013
- ISBN:
- 9780262042383
- eISBN:
- 9780262294188
- Item type:
- chapter

- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262042383.003.0012
- Subject:
- Neuroscience, Disorders of the Nervous System

Optimal control theory is a mathematical discipline for studying the neural control of movement. This chapter presents a mathematical introduction to optimal control theory and discusses the ... More

## Optimal Resource Allocations

*Lars Peter Hansen and Thomas J. Sargent*

### in Recursive Models of Dynamic Linear Economies

- Published in print:
- 2013
- Published Online:
- October 2017
- ISBN:
- 9780691042770
- eISBN:
- 9781400848188
- Item type:
- chapter

- Publisher:
- Princeton University Press
- DOI:
- 10.23943/princeton/9780691042770.003.0005
- Subject:
- Economics and Finance, History of Economic Thought

This chapter describes a planning problem that generates competitive equilibrium allocations and compares two methods for solving it. The first method uses state- and date-contingent Lagrange ... More

## Modelling biodiversity and ecosystem services in coupled ecological–economic systems

*William A. Brock, David Finnoff, Ann P. Kinzig, Unai Pascual, Charles Perrings, John Tschirhart, and Anastasios Xepapadeas*

### in Biodiversity, Ecosystem Functioning, and Human Wellbeing: An Ecological and Economic Perspective

- Published in print:
- 2009
- Published Online:
- September 2009
- ISBN:
- 9780199547951
- eISBN:
- 9780191720345
- Item type:
- chapter

- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199547951.003.0019
- Subject:
- Biology, Ecology, Biodiversity / Conservation Biology

This chapter considers how economists model biodiversity in coupled social ecological systems, taking two polar cases along with a more general problem. Economists assume that all human decisions are ... More

## Paul Samuelson and Financial Economics

*Robert C. Merton*

### in Samuelsonian Economics and the Twenty-First Century

- Published in print:
- 2006
- Published Online:
- January 2009
- ISBN:
- 9780199298839
- eISBN:
- 9780191711480
- Item type:
- chapter

- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199298839.003.0019
- Subject:
- Economics and Finance, History of Economic Thought

This chapter's appraisal places models of time and uncertainty in household allocation of resources at the center of the Samuelson Contribution. It assesses Samuelson's contributions to the areas of ... More

## Monitoring and management

*Cang Hui and David M. Richardson*

### in Invasion Dynamics

- Published in print:
- 2017
- Published Online:
- March 2017
- ISBN:
- 9780198745334
- eISBN:
- 9780191807046
- Item type:
- chapter

- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198745334.003.0009
- Subject:
- Biology, Ecology, Biomathematics / Statistics and Data Analysis / Complexity Studies

This chapter focuses on approaches for efficient monitoring and management of established invasive species. Essential variables for monitoring and reporting and the requirements for practical ... More

## Stochastic Optimal Control

*Tomas Björk*

### in Arbitrage Theory in Continuous Time

- Published in print:
- 1998
- Published Online:
- November 2003
- ISBN:
- 9780198775188
- eISBN:
- 9780191595981
- Item type:
- chapter

- Publisher:
- Oxford University Press
- DOI:
- 10.1093/0198775180.003.0014
- Subject:
- Economics and Finance, Financial Economics

This chapter gives a self‐contained introduction to optimal control of stochastic differential equations. We derive the Hamilton‐Jacobi‐Bellman equation as well as a verification theorem. The general ... More

## Monetary Policy Mistakes and the Evolution of Inflation Expectations

*Athanasios Orphanides and John C. Williams*

### in The Great Inflation: The Rebirth of Modern Central Banking

- Published in print:
- 2013
- Published Online:
- September 2013
- ISBN:
- 9780226066950
- eISBN:
- 9780226043555
- Item type:
- chapter

- Publisher:
- University of Chicago Press
- DOI:
- 10.7208/chicago/9780226043555.003.0008
- Subject:
- Economics and Finance, Macro- and Monetary Economics

This chapter uses a three-equation model based on a New Keynesian Phillips curve, real-time data on the unemployment gap, and forecasted survey data on expected inflation to test the efficiency of ... More

## Optimization

*Alice Turk and Stefanie Shattuck-Hufnagel*

### in Speech Timing: Implications for Theories of Phonology, Phonetics, and Speech Motor Control

- Published in print:
- 2020
- Published Online:
- April 2020
- ISBN:
- 9780198795421
- eISBN:
- 9780191836725
- Item type:
- chapter

- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780198795421.003.0008
- Subject:
- Linguistics, Phonetics / Phonology

This chapter introduces a theoretical framework, Optimal Control Theory, which will enable a phonology-extrinsic-timing-based, three-component model to determine values of controlled variables, and ... More

## Introduction

*Thomas A. Weber*

### in Optimal Control Theory with Applications in Economics

- Published in print:
- 2011
- Published Online:
- August 2013
- ISBN:
- 9780262015738
- eISBN:
- 9780262298483
- Item type:
- chapter

- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262015738.003.0001
- Subject:
- Mathematics, Probability / Statistics

This chapter first sets out the book’s purpose, which is to introduce continuous-time systems and methods for solving dynamic optimization problems at three different levels: single-person decision ... More

## Optimal Control Theory with Applications in Economics

*Thomas A. Weber*

- Published in print:
- 2011
- Published Online:
- August 2013
- ISBN:
- 9780262015738
- eISBN:
- 9780262298483
- Item type:
- book

- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262015738.001.0001
- Subject:
- Mathematics, Probability / Statistics

This book bridges optimal control theory and economics, discussing ordinary differential equations (ODEs), optimal control, game theory, and mechanism design in one volume. Technically rigorous and ... More

## Modern Growth Theory

*Dipankar Dasgupta*

- Published in print:
- 2010
- Published Online:
- October 2012
- ISBN:
- 9780198069966
- eISBN:
- 9780199080458
- Item type:
- book

- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780198069966.001.0001
- Subject:
- Economics and Finance, Macro- and Monetary Economics

This book is about growth theory, an important subject taught as a part of economic theory. It introduces the literature on growth and inequality and examines Charles Jones’s views on growth ... More

## Dynamics and Optimal Control of Road Vehicles

*D. J. N. Limebeer and Matteo Massaro*

- Published in print:
- 2018
- Published Online:
- April 2019
- ISBN:
- 9780198825715
- eISBN:
- 9780191864636
- Item type:
- book

- Publisher:
- Oxford University Press
- DOI:
- 10.1093/oso/9780198825715.001.0001
- Subject:
- Physics, Condensed Matter Physics / Materials

The broad aim of this book is to provide a comprehensive coverage of the modelling and optimal control of both two‐ and four‐wheeled road vehicles. The first focus of this book is a review of ... More

## Strong-field phenomena and optimal control

*Carsten A. Ullrich*

### in Time-Dependent Density-Functional Theory: Concepts and Applications

- Published in print:
- 2011
- Published Online:
- December 2013
- ISBN:
- 9780199563029
- eISBN:
- 9780191775130
- Item type:
- chapter

- Publisher:
- Oxford University Press
- DOI:
- 10.1093/acprof:oso/9780199563029.003.0016
- Subject:
- Physics, Condensed Matter Physics / Materials

This chapter focuses on electronic phenomena that occur when atoms and molecules are exposed to strong and short laser pulses. Under these conditions, the external potential cannot be treated as a ... More

## Mechanism Design

*Thomas A. Weber*

### in Optimal Control Theory with Applications in Economics

- Published in print:
- 2011
- Published Online:
- August 2013
- ISBN:
- 9780262015738
- eISBN:
- 9780262298483
- Item type:
- chapter

- Publisher:
- The MIT Press
- DOI:
- 10.7551/mitpress/9780262015738.003.0005
- Subject:
- Mathematics, Probability / Statistics

This chapter reviews the basics of static mechanism design in settings where a principal faces a single agent of uncertain type. The aim of the resulting screening contract is for the principal to ... More