Macro-dynamic policy formulation with conflicting views of the economy: a synthesis of optimal control and feedback design†

DOI10.1080/00207728708963980zbMath0609.90016OpenAlexW2047137222MaRDI QIDQ3750446

Frederick van der Ploeg, Nicos Christodoulakis

Publication date: 1987

Published in: International Journal of Systems Science (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1080/00207728708963980

zbMATH Keywords

optimal controlmodel uncertaintyfeedback designeconomic policy rulesmacro-econometric modelsmaximizing expected utility of economic welfaremini-max frequency-domain designrisk-averse policy optimization

Mathematics Subject Classification ID

Applications of statistics to economics (62P20) Economic time series analysis (91B84) Economic growth models (91B62) Statistical methods; economic indices and measures (91B82)

Related Items (1)

The design of economic policy under model uncertainty

Cites Work

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• Specification Tests in Econometrics
• Quantitative synthesis of uncertain multiple input-output feedback system
• Prospect Theory: An Analysis of Decision under Risk
• The Theory of Statistical Decision
• Rational Selection of Decision Functions

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