Linear quadratic approximation of rationally inattentive control problems

IF 0.7 4区经济学 Q3 ECONOMICS

Macroeconomic Dynamics Pub Date : 2023-11-08 DOI:10.1017/s1365100523000500

Jianjun Miao, Bo Zhang

引用次数: 0

Abstract

Abstract This paper proposes a linear quadratic approximation approach to dynamic nonlinear rationally inattentive control problems with multiple states and multiple controls. An efficient toolbox to implement this approach is provided. Applying this toolbox to five economic examples demonstrates that rational inattention can help explain the comovement puzzle in the macroeconomics literature.

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理性不注意控制问题的线性二次逼近

摘要针对多状态、多控制器的动态非线性合理不注意控制问题，提出了一种线性二次逼近方法。本文提供了一个有效的工具箱来实现这种方法。将这个工具箱应用于五个经济例子表明，理性的不注意可以帮助解释宏观经济学文献中的运动谜题。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

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来源期刊

Macroeconomic Dynamics ECONOMICS-

CiteScore

2.10

自引率

11.10%

发文量

期刊介绍： Macroeconomic Dynamics publishes theoretical, empirical or quantitative research of the highest standard. Papers are welcomed from all areas of macroeconomics and from all parts of the world. Major advances in macroeconomics without immediate policy applications will also be accepted, if they show potential for application in the future. Occasional book reviews, announcements, conference proceedings, special issues, interviews, dialogues, and surveys are also published.