منابع مشابه
Indicator Variables for Optimal Policy ∗
The optimal weights on indicators in models with partial information about the state of the economy and forward-looking variables are derived and interpreted, both for equilibria under discretion and under commitment. An example of optimal monetary policy with a partially observable potential output and a forward-looking indicator is examined. The optimal response to the optimal estimate of pot...
متن کاملIndicator Variables for Optimal Policy ∗ Lars
The optimal weights on indicators in models with partial information about the state of the economy and forward-looking variables are derived and interpreted, both for equilibria under discretion and under commitment. An example of optimal monetary policy with a partially observable potential output and a forward-looking indicator is examined. The optimal response to the optimal estimate of pot...
متن کاملOne-for-One Period Policy and its Optimal Solution
In this paper we introduce the optimal solution for a simple and yet practical inventory policy with the important characteristic which eliminates the uncertainty in demand for suppliers. In this new policy which is different from the classical inventory policies, the time interval between any two consecutive orders is fixed and the quantity of each order is one. Assuming the fixed ordering cos...
متن کاملEstimating Permanent Income Using Indicator Variables
Household surveys in developing countries often lack modules on income and expenditure. When included, the resulting estimates show substantial measurement error and are subject to systematic reporting biases. Indicator-based indices proposed by several analysts show much promise in circumventing these difficulties but nonetheless exhibit certain limitations. We present an alternative based on ...
متن کاملPerspective Relaxation of Minlps with Indicator Variables
We study mixed integer nonlinear programs (MINLP) that are driven by a collection of indicator variables where each indicator variable controls a subset of the decision variables. An indicator variable, when it is “turned off”, forces some of the decision variables to assume a fixed value, and, when it is “turned on”, forces them to belong to a convex set. Most of the integer variables in known...
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ژورنال
عنوان ژورنال: Journal of Monetary Economics
سال: 2003
ISSN: 0304-3932
DOI: 10.1016/s0304-3932(03)00030-8