Economic Research
Economic Research PapersBrowse Research by Topic
Staff Report 91
Back to PublicationTime Consistency of Optimal Plans: An Elementary Primer
Michael J. Stutzer - Professor of Finance, University of Iowa
Published March 1, 1984
Abstract
Time consistent optimal plans are defined within the context of a simple, discrete time optimal control framework. Three possible sources of inconsistency are identified and discussed with reference to the literature.
Download Paper (PDF)
Minneapolis Fed Reader for iPad
