| Distributive Disturbance and Optimal Policy in Stochastic Control Model |
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| 作者姓名： | 汪红初 胡适耕 张学清 |
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| 作者单位： | Department of Mathimatics, Huazhong University of Science and Technology, Wuhan 430074, China |
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| 摘 要： | IntroductionThe relationship between the output volatility,taxation and macroeconomic performance has receivedconsiderable attention in recent years110].The find-ings provide some valuable views on how risk affectstax policy and economic growth.All of th…
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| 关 键 词： | 随机最优化 动态编程 随机控制 Bellman方程 整体经济平衡 |
| 文章编号： | 1005-2429（2006）04-0408-07 |
| 收稿时间： | 2005-11-28 |
Distributive Disturbance and Optimal Policy in Stochastic Control Model |
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| Wang Hongchu,Hu Shigeng,Zhang Xueqing.Distributive Disturbance and Optimal Policy in Stochastic Control Model[J].Journal of Southwest Jiaotong University,2006,14(4):408-414. |
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| Authors: | Wang Hongchu Hu Shigeng Zhang Xueqing |
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| Abstract: | To investigate the equilibrium relationships between the volatility of capital and income, taxation, and ance in a stochastic control model, the uniqueness of the solution to this model was proved by using the method of dynamic programming under the introduction of distributive disturbance and elastic labor supply. Furthermore, the effects of two types of shocks on labor-leisure choice, economic growth rate and welfare were numerically analyzed, and then the optimal tax policy was derived. |
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| Keywords: | Stochastic optimization Dynamic programming Bellman equation Macroeconomic equilibrium Optimal policy |
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