# Elsevier

# Journal of Economic Dynamics and Control

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Volker Wieland
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### 1993, Volume 17, Issue 5-6

**829-846 Rational bubbles : A test***by*Craine, Roger**847-864 Theoretical tests of the rational expectations hypothesis in economic dynamical models***by*Guesnerie, Roger**865-876 Recursiveness and preference orderings***by*Lilly, Gregory**877-886 The dynamic efficiency of capitalism***by*Seierstad, Atle**887-906 A preference foundation for log mean-variance criteria in portfolio choice problems***by*Luenberger, David G.**907-928 Multiple capital inputs, Q, and investment spending***by*Chirinko, Robert S.**929-951 Markov-perfect equilibria in intergenerational games with consistent preferences***by*Streufert, Peter A.**953-969 The risk-free rate in heterogeneous-agent incomplete-insurance economies***by*Huggett, Mark**971-991 On R&D timing under uncertainty : The case of exhaustible resource substitution***by*Hung, N. M. & Quyen, N. V.

### 1993, Volume 17, Issue 4

**531-553 Learning about monetary regime shifts in an overlapping wage contract model***by*Fuhrer, Jeffrey C. & Hooker, Mark A.**555-569 Market risk and asset prices***by*Smith, R. Todd**571-588 Monetary policy and interest rates : An adaptive estimator approach***by*Furno, Marilena**589-620 International transmission of monetary and fiscal policy : A symmetric N-country analysis with union***by*Fukuda, Shin-ichi**621-630 Optimal control without solving the Bellman equation***by*Chow, Gregory C.**631-658 Admissible target paths in economic models***by*Engwerda, Jacob C.**659-678 A cooperative incentive equilibrium for a resource management problem***by*Ehtamo, Harri & Hamalainen, Raimo P.**679-704 Entry deterrence and overexploitation of the fishery***by*Crabbe, Philippe & Van Long, Ngo

### 1993, Volume 17, Issue 3

**327-353 Competition, collusion, and chaos***by*Keenan, Donald C. & O'Brien, Mike J.**355-383 Bayesian economists ... Bayesian agents : An alternative approach to optimal learning***by*El-Gamal, Mahmoud A. & Sundaram, Rangarajan K.**385-399 Analysis of US real GNP and unemployment interactions : State space approach***by*Aoki, Masanao & Fiorito, Riccardo**401-421 A solution to the positivity problem in the state-space approach to modeling vector-valued time series***by*Vaccaro, Richard J. & Vukina, Tomislav**423-441 The sustainability of current account deficits : A test of the US intertemporal budget constraint***by*Wickens, M. R. & Uctum, Merih**443-465 Optimal income tax in a monetary economy***by*Miller, Preston J.**467-494 Borrowing constraints and two-sided altruism with an application to social security***by*Altig, David & Davis, Steven J.**495-517 Interruptible electric power service contracts***by*Tan, Chin-Woo & Varaiya, Pravin**519-522 Searching for certainty : Book review***by*Day, Richard H.**523-529 Neural networks and fuzzy systems : Book review***by*Zambelli, Stefano

### 1993, Volume 17, Issue 1-2

**1-36 Risk, the financial market, and macroeconomic equilibrium***by*Grinols, Earl L. & Turnovsky, Stephen J.**37-50 On testing the intertemporal substitution theory of labor supply***by*Rogerson, Richard & Rupert, Peter**51-64 Relaxing the cash-in-advance constraint at a fixed cost Are simple trigger-target portfolio rules optimal?***by*Corbae, Dean**65-96 Long-run equilibria with borrowing constraints and altruism***by*Laitner, John**97-122 Some consequences of credit rationing in an endogenous growth model***by*Bencivenga, Valerie R. & Smith, Bruce D.**123-151 Perfect equilibrium timing of a backstop technology Limit pricing induced by trigger zones***by*Olsen, Trond E.**153-180 Optimal dynamic investment policies under concave-convex adjustment costs***by*Jorgensen, Steffen & Kort, Peter M.**181-205 The role of the target saving motive in guest worker migration A theoretical study***by*Berninghaus, Siegfried & Seifert-Vogt, Hans Gunther**207-231 Low frequency filtering and real business cycles***by*King, Robert G. & Rebelo, Sergio T.**233-261 Modelling and forecasting exchange rates with a Bayesian time-varying coefficient model***by*Canova, Fabio**263-287 Estimation of simultaneous equation models with stochastic trend components***by*Streibel, Mariane & Harvey, Andrew**289-317 Testing for sunspot equilibria in the German hyperinflation***by*Imrohoroglu, Selahattin

### 1992, Volume 16, Issue 3-4

**403-426 Theory of constant proportion portfolio insurance***by*Black, Fischer & Perold, AndreF.**427-449 Labor supply flexibility and portfolio choice in a life cycle model***by*Bodie, Zvi & Merton, Robert C. & Samuelson, William F.**451-489 Periodic market closure and trading volume : A model of intraday bids and asks***by*Brock, William A. & Kleidon, Allan W.**491-507 A continuous-time portfolio turnpike theorem***by*Cox, John C. & Huang, Chi-fu**509-532 The equity premium and the allocation of income risk***by*Danthine, Jean-Pierre & Donaldson, John B. & Mehra, Rajnish**533-559 Banking in computable general equilibrium economies***by*Diaz-Gimenez, Javier & Prescott, Edward C. & Fitzgerald, Terry & Alvarez, Fernando**561-573 Pricing continuously resettled contingent claims***by*Duffie, Darrell & Stanton, Richard**575-599 Investments in flexible production capacity***by*He, Hua & Pindyck, Robert S.**601-620 The effects of incomplete insurance markets and trading costs in a consumption-based asset pricing model***by*Heaton, John & Lucas, Deborah**621-653 Exit, selection, and the value of firms***by*Hopenhayn, Hugo A.**655-680 Market efficiency and inefficiency in rational expectations equilibria : Dynamic effects of heterogeneous information and noise***by*Hussman, John P.**681-712 Optimal consumption and portfolio rules with intertemporally dependent utility of consumption***by*Ingersoll, Jonathan Jr.**713-745 Term premia in a simple term structure model***by*Kihlstrom, Richard E.**747-768 Explicit solution of a general consumption/portfolio problem with subsistence consumption and bankruptcy***by*Sethi, Suresh P. & Taksar, Michael I. & Presman, Ernst L.**769-790 Equilibrium asset prices with undiversifiable labor income risk***by*Weil, Philippe

### 1992, Volume 16, Issue 2

**193-206 Sunspot-like effects of random endowments***by*Manuelli, Rodolfo & Peck, James**207-223 Irreversibility and the behavior of aggregate stochastic growth models***by*Dow, James Jr. & Olson, Lars J.**225-241 On dynamics with time-to-build investment technology and non-time-separable leisure***by*Ioannides, Yannis M. & Taub, Bart**243-266 Endogenous cycles with long-lived agents***by*Reichlin, Pietro**267-287 Strategic dynamic interaction : Fish wars***by*Fischer, Ronald D. & Mirman, Leonard J.**289-315 Import price adjustments with staggered import contracts***by*Kollintzas, Tryphon & Zhou, Ruilin**317-337 Nominal price stickiness as a rational expectations equilibrium***by*Farmer, Roger E. A.**339-357 Reputational and nonreputational policies under partial information***by*Pearlman, Joseph G.**359-387 International monetary and fiscal policy cooperation in the presence of wage inflexibilities : Are both counterproductive?***by*Sheen, Jeffrey**389-390 Chaotic economic dynamics by Richard M. Goodwin : A book review***by*Day, Richard H.**391-398 Seven schools of macroeconomic thought by E.S. Phelps : A book review***by*Woodford, Michael

### 1992, Volume 16, Issue 1

**1-25 Equilibrium interest-rate determination under adjustment costs***by*Novales, Alfonso**27-38 Efficiency in economic growth models under uncertainty***by*Zilcha, Itzhak**39-51 On optimal timing of investment when cost components are additive and follow geometric diffusions***by*Olsen, Trond E. & Stensland, Gunnar**53-78 Impulse response analysis of cointegrated systems***by*Lutkepohl, Helmut & Reimers, Hans-Eggert**79-91 The welfare cost of inflation under imperfect insurance***by*Imrohoroglu, Ayse**93-108 Optimal simulation with econometric models***by*Damiani, Mirella & Panattoni, Lorenzo**109-116 Nonstationary model solution techniques and the USA algorithm: Some practical experience***by*Fisher, P. G. & Hughes Hallett, A. J.**117-138 The endogenous stability of economic systems: The case of many agents***by*Karp, Larry S.**139-145 Note on 'Nash and Stackelberg solutions in a differential game model of capitalism'***by*de Zeeuw, Aart**147-164 Monetary policy games, inflationary bias, and openness***by*Hardouvelis, Gikas A.**165-173 Changes in regime and the term structure: A note***by*Driffill, John**175-190 The state of economic dynamics: A review essay***by*Mizrach, Bruce

### 1991, Volume 15, Issue 4

**607-626 Real business-cycle theory : Wisdom or whimsy?***by*Eichenbaum, Martin**627-656 Credible public policy***by*Stokey, Nancy L.**657-673 A simplified treatment of the theory of optimal regulation of Brownian motion***by*Dixit, Avinash**675-685 Super contact and related optimality conditions***by*Dumas, Bernard**687-713 On the convergence of Bayesian posterior processes in linear economic models Counting equations and unknowns***by*Nyarko, Yaw**715-730 Technical analysis for portfolio trading by syntactic pattern recognition***by*Pau, L. F.**731-740 Derivation of the unconditional state-covariance matrix for exact maximum-likelihood estimation of ARMA models***by*Mittnik, Stefan**741-753 Smoothness of the policy function in continuous-time economic models : The one-dimensional case***by*Santos, Manuel S. & Vila, Jean-Luc**755-769 Comparative statics in dynamic programming models with an application to job search***by*Albrecht, James W. & Holmlund, Bertil & Lang, Harald**771-791 Valuing agricultural firms : An examination of the contingent-claims approach to pricing real assets***by*Bailey, Warren

### 1991, Volume 15, Issue 3

**425-453 Further results on asset pricing with incomplete information***by*Detemple, Jerome B.**455-489 The marginal value of management using stochastic control***by*Bosshardt, Donald I. & Patterson, Douglas M.**491-514 Dynamic oligopoly with capacity adjustment costs***by*Reynolds, Stanley S.**515-538 Nonconvexities in a stochastic control problem with learning***by*Mizrach, Bruce**539-548 Qualitative decomposition of the eigenvalue problem in a dynamic system***by*Garbely, Myriam & Gilli, Manfred**549-568 Exchangeability and its economic applications***by*McCall, John J.**569-588 Current-account effects of a devaluation in an optimizing model with capital accumulation***by*Nielsen, Soren Bo**589-605 Capital accumulation under different financial agreements***by*Mattesini, Fabrizio

### 1991, Volume 15, Issue 2

**245-273 Equilibrium with signal extraction from endogenous variables***by*Sargent, Thomas J.**275-284 A critique of the application of unit root tests***by*Cochrane, John H.**285-296 Optimum responses of the current account when income is uncertain***by*Pitchford, John**297-315 Learning rational expectations in a policy game***by*Crippsss, Martin**317-338 The feedback equilibria of a differential game of capitalism***by*Shimomura, Koji**339-353 Exchange market intervention under multiple solutions : Should we rule out multiple solutions?***by*Fukuda, Shin-ichi**355-385 The envelope theorem in dynamic optimization***by*LaFrance, Jeffrey T. & Barney, L. Dwayne**387-408 A dynamic model of occupational choice***by*McCall, Brian P.**409-417 Information processing in dynamic decision models : An insurance demand example***by*Jammernegg, Werner & Kischka, Peter**419-423 Exchange-rate instability : Paul Krugman, (MIT Press, Cambridge, MA, 1989)***by*Marquez, Jaime**423-424 Feedback: A new framework for macroeconomic policy : David A. Kendrick, (Kluwer Academic Publishers, Netherlands, 1988)***by*Marquez, Jaime

### 1991, Volume 15, Issue 1

**1-3 Intertemporal issues in international macroeconomics***by*Turnovsky, Stephen J.**7-26 On exchange-rate stabilization***by*Matsuyama, Kiminori**27-52 Tariffs and the current account : On the macroeconomics of commercial policy***by*Gavin, Michael**53-89 Tariffs and sectoral adjustments in an open economy***by*Turnovsky, Stephen J.**91-101 Imported input price and the current account in an optimizing model without capital mobility***by*Sen, Partha**103-127 Macroeconomic adjustment under alternative lending arrangements***by*Murphy, Robert G.**129-147 Export instability and the economic performance of developing countries***by*Brock, Philip L.**151-177 A model of currency depreciation and the debt-inflation spiral***by*Obstfeld, Maurice**179-196 Optimal taxation and inflation in an open economy***by*Kimbrough, Kent P.**197-213 Temporary stabilization policy : The case of flexible prices and exchange rates***by*Calvo, Guillermo A.**215-244 The welfare economics of cooperative and noncooperative fiscal policy***by*Buiter, Willem H. & Kletzer, Kenneth M.

### 1990, Volume 14, Issue 3-4

**491-521 The effects of taxes and dividend policy on capital accumulation and macroeconomic behavior***by*Turnovsky, Stephen J.**523-551 Sources of output fluctuations in the United States during the inter-war and post-war years***by*Norrbin, Stefan C. & Schlagenhauf, Don E.**553-569 When does coordination pay?***by*Miller, Marcus & Salmon, Mark**571-596 On the term structure of interest rates***by*Donaldson, John B. & Johnsen, Thore & Mehra, Rajnish**597-625 Output-inflation cycles in an economy with staggered wage setting***by*Reichlin, Pietro**627-653 Sources of complex dynamics in two-sector growth models***by*Boldrin, Michele & Deneckere, Raymond J.**655-683 How to do comparative dynamics on the back of an envelope in optimal control theory***by*Caputo, Michael R.**685-708 Delaying or deterring entry A game-theoretic analysis***by*Lipman, Barton L.**709-719 Optimal dynamic durability***by*Muller, Eitan & Peles, Yoram C.**721-739 Migration under uncertainty about quality of locations***by*Bhattacharya, Gautam**741-762 The solution of the infinite horizon tracking problem for discrete time systems possessing an exogenous component***by*Engwerda, Jacob Chr.**763-795 Periodic linear-quadratic methods for modeling seasonality***by*Todd, Richard M.

### 1990, Volume 14, Issue 2

**201-217 A networked expert system framework for economic policy analysis***by*Jacob, Varghese S. & Marsden, James R.**219-236 A production model construction system : PM statement to math programming***by*Kendrick, David A.**237-253 The design of decentralized auction mechanisms that coordinate continuous trade in synthetic securities***by*Miller, Ross M.**255-262 Knowledge-based mortgage-loan credit granting and risk assessment***by*Pau, L. F. & Tambo, T.**265-279 Implementing stochastic control software on supercomputing machines***by*Amman, Hans M.**281-297 EINTERP and DEINTERP procedures for the evaluation of expressions and their differentials***by*Becker, Robin G.**299-311 Automatic differentiation of large sparse systems***by*Dixon, L. C. W. & Maany, Z. & Mohseninia, M.**313-325 Some issues in solving large sparse systems of equations***by*Don, F. J. Henk**329-373 Money as a medium of exchange in an economy with artificially intelligent agents***by*Marimon, Ramon & McGrattan, Ellen & Sargent, Thomas J.**375-417 Optimal decision processes and algorithms***by*Moore, James C. & Richmond, William B. & Whinston, Andrew B.**419-432 Rationality, computability, and complexity***by*Rustem, Berc & Velupillai, Kumaraswamy**435-450 Qualitative dynamics and causality in a Keynesian model***by*Berndsen, Ron & Daniels, Hennie**451-464 A logical approach to problem representation***by*Bourgine, Paul**465-490 Qualitative reasoning in economics***by*Farley, Arthur M. & Lin, Kuan-Pin

### 1990, Volume 14, Issue 1

**1-19 Resolution of chaos with application to a modified Samuelson model***by*Nusse, H. E. & Hommes, C. H.**21-33 Optimal hedging and equilibrium in a dynamic futures market***by*Duffie, Darrell & Jackson, Matthew O.**35-51 Transactions costs and portfolio choice in a discrete-continuous-time setting***by*Duffie, Darrell & Sun, Tong-sheng**53-63 Cost uncertainty and the rate of investment***by*Zeira, Joseph**65-71 An improved algorithm to solve a discrete matrix riccati equation***by*Pujol, Thierry**73-95 Supply management with intermittent trade disruptions when the probabilities are not fully known***by*Lindsey, Robin**97-116 Credibility and the value of information transmission in a model of monetary policy and inflation***by*Basar, Tamer & Salmon, Mark**117-149 A class of risk-sensitive noncooperative games***by*Caravani, Paolo & Papavassilopoulos, George**151-173 U.S. money demand instability A flexible least squares approach***by*Tesfatsion, Leigh & Veitch, John M.**175-182 A note on flexible least squares***by*Tucci, Marco P.**183-185 A further note on flexible least squares and Kalman filtering***by*Kalaba, R. & Tesfatsion, L.**187-192 Job search with belated information and wage signalling A comment***by*Goldberg, Matthew S. & Borjas, George J.**193-194 Job search with belated information and wage signalling A reply***by*Berninghaus, Siegfried

### 1989, Volume 13, Issue 4

**499-531 Solving, estimating, and testing a nonlinear stochastic equilibrium model, with an example of the asset returns and inflation relationship***by*Lee, Bong-Soo**533-552 Optimal investment policy of the regulated firm***by*Katayama, Seiichi & Abe, Fumio**553-568 Asymptotic properties of a Leontief economy***by*Dana, Rose-Anne & Florenzano, Monique & Levan, Cuong & Levy, Dominique**569-595 The tree-cutting problem in a stochastic environment : The case of age-dependent growth***by*Clarke, Harry R. & Reed, William J.**597-612 State space modeling of time series : A review essay***by*Diebold, Francis X.

### 1989, Volume 13, Issue 3

**319-337 Two-stage optimal control problems with an explicit switch point dependence : Optimality criteria and an example of delivery lags and investment***by*Tomiyama, Ken & Rossana, Robert J.**339-377 Optimal investment, financing, and dividends : A stackelberg differential game***by*Jorgensen, Steffen & Kort, Peter M. & Van Schijndel, Geert-Jan C. Th.**379-400 On learning and rational expectations in an overlapping generations model***by*Benassy, Jean-Pascal & Blad, Michael C.**401-420 Monetary and fiscal policies under two alternative types of rules***by*Fukuda, Shin-ichi**421-448 Exploration information and AEC regulation of the domestic uranium industry***by*Mason, Charles F.**449-470 On some computational aspects of equilibrium business cycle theory***by*Danthine, Jean-Pierre & Donaldson, John B. & Mehra, Rajnish**471-483 The utility of manufacturing cooperatives***by*Tapiero, Charles S.**485-497 Oscillations in the Rodriguez model of entry and price dynamics***by*Zhang, Wei-Bin

### 1989, Volume 13, Issue 2

**151-169 The optimal lag selection and transfer function analysis in Granger causality tests***by*Kang, Heejoon**171-185 Geometric combination lags as flexible infinite distributed lag estimators***by*Speaker, Paul J. & Mitchell, Douglas W. & Gelles, Gregory M.**187-199 Information, persistence, and real business cycles***by*Gerlach, Stefan**201-223 A value function arising in the economics of information***by*Kiefer, Nicholas M.**225-246 Application of nonlinear mapping theory to commodity price fluctuatuions***by*Lichtenberg, A. J. & Ujihara, A.**247-253 A simple search model with procyclical quits***by*Lippman, Steven A. & Mamer, John W.**255-269 Liquidity-constrained employment contracts***by*Leach, John**271-282 IR & D project data and theories of R & D investment***by*Lichtenberg, Frank R.**283-300 An algorithm for Ramsey pricing by multiproduct public firms under incomplete information***by*Currier, Kevin M.**301-311 On the extrapolation method and the USA algorithm***by*Herceg, Dragoslav & Cvetkovic, Ljiljana**313-316 A note on the radius of convergence of the USA algorithm***by*Khilnani, Arvind & Tse, Edison T. S.

### 1989, Volume 13, Issue 1

**1-20 Noncooperative solutions for a differential game model of fishery***by*Dockner, Engelbert & Feichtinger, Gustav & Mehlmann, Alexander**21-39 On dynamic decoupling and dynamic path controllability in economic systems***by*Nijmeijer, Henk**41-54 A Newton's algorithm for solving multicountry econometric models***by*Henaff, Patrick**55-80 Competitive dynamic advertising : A modification of the Case game***by*Sorger, Gerhard**81-91 On the dynamic structure of a seasonal component***by*Maravall, Agustin**93-112 Dynamic consistency of insurance contracts under enforcement by exclusion***by*Taub, Bart**113-150 Aggregate fluctuations as an information transmission mechanism***by*Taub, Bart

### 1988, Volume 12, Issue 4

**609-633 Control of economic systems under the process of data improvement***by*Belenky, V. Z. & Belostotsky, A. M.**635-657 Efficient solution techniques for linear and non-linear rational expectations models***by*Fisher, P. G. & Hallett, A. J. Hughes**659-678 The dynamic annihilation of a rational competitive fringe by a low-cost dominant firm***by*Berck, Peter & Perloff, Jeffrey M.**679-684 Job search with general stochastic offer arrival rates***by*Zuckerman, Dror

### 1988, Volume 12, Issue 2-3

**199-201 Nonstationarity, cointegration, and error correction in economic modeling : Editor's introduction and overview***by*Aoki, Masanao**205-230 Testing for cointegration using principal components methods***by*Phillips, P. C. B. & Ouliaris, S.**231-254 Statistical analysis of cointegration vectors***by*Johansen, Soren**255-296 Multivariate estimates of the permanent components of GNP and stock prices***by*Cochrane, John H. & Sbordone, Argia M.**297-332 Trends and random walks in macroeconomic time series : Further evidence from a new approach***by*Perron, Pierre**333-346 Cointegration and stock prices : The random walk on wall street revisited***by*Cerchi, Marlene & Havenner, Arthur**347-364 Common nonstationary components of asset prices***by*Bossaerts, Peter**365-384 Continuous time autoregressive models with common stochastic trends***by*Harvey, A. C. & Stock, James H.**385-423 Rational-expectations econometric analysis of changes in regime : An investigation of the term structure of interest rates***by*Hamilton, James D.

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