Optimal restructuring under a political constraint

Article Abstract:

Where shock therapy as a policy reform is not politically feasible, what will determine the optimal speed of restructuring given as a gradualist alternative, is the subject of this paper, even as the author notes that gradualism is clearly not the true second-best optimum. .

Economic policy, Work, Work (Labor), Mathematical optimization, Optimization theory

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Necessary conditions for infinite-horizon discounted two-stage optimal control problems

Article Abstract:

In economics, capital control involves knowing when best to switch between alternative, consecutive or multi-stage regimes with finite or infinite horizons.

Control, Simulation methods, Simulation

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Optimal monetary policy in a regime-switching economy: the response to abrupt shifts in exchange rate dynamics

Article Abstract:

A study on exchange rate changes, using optimal monetary policy in regime switching economy, is presented.

Foreign exchange, Foreign exchange rates, Monetary policy

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