Questions tagged [dynamic-optimization]

The tag has no usage guidance.

Filter by
Sorted by
Tagged with
5
votes
2answers
203 views

What is the difference between identification, calibration and estimation?

In fitting theoretical models to data, what is the difference between identification, calibration and estimation?
3
votes
2answers
218 views

Dynamic optimisation

Consider a simple dynamic consumption-saving problem. A solution can be characterised using a Lagrangian approach that generates a set of first order conditions and some boundary conditions. An ...
2
votes
2answers
198 views

Dynamic programming, optimal consumption-savings (finite horizon) problem

Let $w_t$ denote a consumer's wealth at time $t$ and $c_t$, the amount she chooses to consume, so her savings exiting this time period are $w_t-c_t$. Given this savings decision, her savings $w_{t+1}$ ...