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Palgrave Macmillan

Optimal Control for Econometric Models

An Approach to Economic Policy Formulation

  • Book
  • © 1979

Overview

Editors:
  1. Sean Holly

    1. Imperial College London, UK

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    You can also search for this editor in PubMed   Google Scholar

  2. Berç Rüstem

    1. London School of Economics, UK

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    You can also search for this editor in PubMed   Google Scholar

  3. Martin B. Zarrop

    1. Imperial College London, UK

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Table of contents (12 chapters)

  1. Front Matter

    Pages i-xiii
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  2. Part I

    1. Front Matter

      Pages 1-1
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    2. A Control Theory Framework for Policy Analysis

      • J. H. Westcott, M. B. Zarrop, S. Holly, B. Rüstem, R. Becker
      Pages 3-28

  3. Aspects of Theory and Policy

    1. Front Matter

      Pages 29-29
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    2. Effective Use of Econometric Models in Macroeconomic Policy Formulation

      • Gregory C. Chow
      Pages 31-39

    3. Recent Developments in Policy Optimisation for an Open Monetary Economy

      • John F. Helliwell
      Pages 40-57

    4. The Role of Feedback in Macroeconomic Policy

      • D. A. Livesey
      Pages 58-73

    5. Control Methods and Quantitative Economic Policy

      • Mark Salmon, Peter Young
      Pages 74-105

    6. Iterative Respecification of the Quadratic Objective Function

      • B. Rüstem, J. H. Westcott, M. B. Zarrop, S. Holly, R. Becker
      Pages 106-133

    7. The Sensitivity of Optimal Policies to Parametric and Stochastic Changes

      • A. Hughes-Hallett
      Pages 134-164

  4. Stabilisation Policies with Small Linear Econometric Models

    1. Front Matter

      Pages 165-165
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    2. Control Exercises with a Small Linear Model of the UK Economy

      • S. Holly, B. Rüstem, J. H. Westcott, M. B. Zarrop, R. Becker
      Pages 167-203

    3. Adaptive Control of Macroeconomic Models with Measurement Error

      • David Kendrick
      Pages 204-227

  5. Stabilisation Policies with Large Nonlinear Econometric Models

    1. Front Matter

      Pages 229-229
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    2. Control of the LBS Econometric Model via a Control Model

      • M. B. Zarrop, S. Holly, B. Rüstem, J. H. Westcott, M. O’Connell
      Pages 231-264

    3. Managing the Modern Economy: Econometric Specification

      • Lawrence R. Klein
      Pages 265-285

    4. Economic Policy Formulation in a Large-scale Model

      • T. S. Barker
      Pages 286-299

  6. Back Matter

    Pages 300-303
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Keywords

Editors and Affiliations

  • Imperial College London, UK

    Sean Holly, Martin B. Zarrop

  • London School of Economics, UK

    Berç Rüstem

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