This article studies the accuracy of two versions of Kydland and Prescott's (1980, 1982) procedure for approximating optimal decision rules in problems in which the objective fails to be quadratic and ...

Often neither the exact density nor the exact cumulative distribution function (c.d.f.) of a statistic of interest is available in the statistics and econometrics literature (e.g., the maximum ...

Below is the graph of a quadratic function, showing where the function is increasing and decreasing. If we draw in the tangents to the curve, you will notice that if the gradient of the tangent is ...