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Table of contents (10 chapters)
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Front Matter
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Back Matter
About this book
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.
Authors and Affiliations
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University of Western Sydney — Hawkesbury, Sydney, Australia
Ric D. Herbert
Bibliographic Information
Book Title: Observers and Macroeconomic Systems
Book Subtitle: Computation of Policy Trajectories with Separate Model Based Control
Authors: Ric D. Herbert
Series Title: Advances in Computational Economics
DOI: https://doi.org/10.1007/978-1-4615-5583-4
Publisher: Springer New York, NY
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eBook Packages: Springer Book Archive
Copyright Information: Springer Science+Business Media New York 1998
Hardcover ISBN: 978-0-7923-8239-3Published: 31 October 1998
Softcover ISBN: 978-1-4613-7554-8Published: 23 December 2012
eBook ISBN: 978-1-4615-5583-4Published: 06 December 2012
Series ISSN: 0929-130X
Edition Number: 1
Number of Pages: XXIV, 309
Topics: Economic Theory/Quantitative Economics/Mathematical Methods, Econometrics