Title of article
An optimal control solution to the liquidity constraint problem
Author/Authors
Seater، نويسنده , , John J. ، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 1997
Pages
8
From page
127
To page
134
Abstract
An analytical solution to the liquidity constraint problem is derived in an optimal control framework. Some properties of the solution are examined. Results in the existing literature derived there by disparate methods are obtained by a single approach, thus providing a unified theory of consumption under liquidity constraint
Keywords
Liquidity Constraints , Optimal control
Journal title
Economics Letters
Serial Year
1997
Journal title
Economics Letters
Record number
434259
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