Ric D Herbert

(Author)

Observers and Macroeconomic Systems: Computation of Policy Trajectories with Separate Model Based Control (1998)Hardcover - 1998, 31 October 1998

Observers and Macroeconomic Systems: Computation of Policy Trajectories with Separate Model Based Control (1998)
Qty
1
Turbo
Ships in 2 - 3 days
In Stock
Free Delivery
Cash on Delivery
15 Days
Free Returns
Secure Checkout
Buy More, Save More
Part of Series
Advances in Computational Economics
Part of Series
Kluwer International Series on Advances in Database Systems
Print Length
309 pages
Language
English
Publisher
Springer
Date Published
31 Oct 1998
ISBN-10
0792382390
ISBN-13
9780792382393

Description

Observers and Macroeconomic Systems is concerned with the computational aspects of using a control-theoretic approach to the analysis of dynamic macroeconomic systems. The focus is on using a separate model for the development of the control policies. In particular, it uses the observer-based approach whereby the separate model learns to behave in a similar manner to the economic system through output-injections.
The book shows how this approach can be used to learn the forward-looking behaviour of economic actors which is a distinguishing feature of dynamic macroeconomic models. It also shows how it can be used in conjunction with low-order models to undertake policy analysis with a large practical econometric model. This overcomes some of the computational problems arising from using just the large econometric models to compute optimal policy trajectories.
The work also develops visual simulation software tools that can be used for policy analysis with dynamic macroeconomic systems.

Product Details

Author:
Ric D Herbert
Book Edition:
1998
Book Format:
Hardcover
Country of Origin:
US
Date Published:
31 October 1998
Dimensions:
23.06 x 17.58 x 2.46 cm
ISBN-10:
0792382390
ISBN-13:
9780792382393
Language:
English
Location:
New York, NY
Pages:
309
Publisher:
Weight:
621.42 gm

Related Categories


Need Help?
+971 6 731 0280
support@gzb.ae

About UsContact UsPayment MethodsFAQsShipping PolicyRefund and ReturnTerms of UsePrivacy PolicyCookie Notice

VisaMastercardCash on Delivery

© 2024 White Lion General Trading LLC. All rights reserved.