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Author: Andrew J. Hughes Hallett
Publisher: CUP Archive
ISBN: 9780521237185
Category : Business & Economics
Languages : en
Pages : 396
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Book Description
Author: Andrew J. Hughes Hallett
Publisher: CUP Archive
ISBN: 9780521237185
Category : Business & Economics
Languages : en
Pages : 396
Get Book Here
Book Description
Author:
Publisher:
ISBN:
Category :
Languages : en
Pages : 8
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Book Description
Author: Reinhard Neck
Publisher: Springer Science & Business Media
ISBN: 3540746846
Category : Political Science
Languages : en
Pages : 386
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Book Description
Econometric techniques and models are still being extensively used in the business of forecasting and policy advice. This book presents recent advances in the theory and applications of quantitative economic policy, with particular emphasis on fiscal and monetary policies in a European and global context. The volume honors Andrew Hughes Hallett, a pioneer and major scientist in quantitative economic policy analysis, whose contributors are among his friends and former students.
Author: Maria Luisa Petit
Publisher: Cambridge University Press
ISBN: 0521385237
Category : Business & Economics
Languages : en
Pages : 358
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Book Description
This book deals with the stabilisation and control of centralised policy-making and its economic implications.
Author: Nicola Acocella
Publisher: Cambridge University Press
ISBN: 1139789651
Category : Political Science
Languages : en
Pages : 367
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Book Description
In developing a new and highly innovative theory of economic policy, this book deals with conflicts between strategic actions by public and private agents. It builds on the Lucas critique but also applies the tools introduced by Tinbergen and Theil to dynamic policy games, and from there derives a new theory of economic policy. Its main propositions describe such properties in the models currently used for policy-making as neutrality and equilibrium existence, uniqueness, and multiplicity. These properties are key to understanding the impact of concepts such as rational expectations, time inconsistency, communication and the use of policy announcements. As the numerous examples show, they are useful both for model building and for devising optimal institutions. The Theory of Economic Policy in a Strategic Context is an essential but accessible tool for economic researchers involved in policy questions.
Author: Sean Holly
Publisher: Cambridge University Press
ISBN: 0521264448
Category : Business & Economics
Languages : en
Pages : 258
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Book Description
An examination of how the rational expectations revolution and game theory have enhanced the understanding of how an economy functions.
Author: G.A. Collenteur
Publisher: Springer
ISBN: 1349111449
Category : Business & Economics
Languages : en
Pages : 297
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Book Description
This volume contains 24 of the contributions made to the conference on "Economic Decision-making in a Changing World" held in 1988. Within the general framework of reference the editors focus on six major issues and feature articles on each as separate subject areas.
Author: J.P. Ancot
Publisher: Springer Science & Business Media
ISBN: 9400960980
Category : Business & Economics
Languages : en
Pages : 259
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Book Description
Understanding the structure of a large econometric model is rather like the art of winetasting or like the art of playing a musical instrument. The quality of a wine results from a complex combination of various elements such as its colour which should be clear and crystalline, its smell which can be decomposed into a general aroma and a variety of particular characteristics, more or less persistent depending on the type and the age of the wine, its taste, of course, which again is a complex system whose equilibrium and charm depend on the whole set of ingredients: alcohol, tannin, glycerine, sugar, acidity . . . Similarly, a clarinetist's musicianship depends on the quality of his instrument, on his embouchure, fingering, tonguing and articu lation techniques, on his sense for rhythm, phasing and tone colour. However, the enchantment produced by a Romanee-Conti or by a brilliant performance of Brahm's F minor sonata for clarinet and piano arises from a process which is at the same time time much simpler and much more complex than the straightforward juxtaposition of individual causal relations. In recent years econometricians and macro-economists have been challenged by the problem of keeping abreast with an ever increasing number of increasingly more complex large econometric models. The necessity of developing systematic analytical tools to study the often implicit and hidden structure of these models has become more evident.
Author: Sardar M.N. Islam
Publisher: Springer Science & Business Media
ISBN: 364249949X
Category : Business & Economics
Languages : en
Pages : 299
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Book Description
Since there exists a multi-level policy making system in the market economies, choices of decision makers at different levels should be considered explicitly in the formulation of sectoral plans and policies. To support the hypothesis, a theoretical energy planning approach is developed within the framework of the theory of economic policy planning, policy systems analysis and multi-level programming. The Parametric Programming Search Algorithm has been developed. On the basis of this theoretical model, an Australian Energy Policy System Optimisation Model (AEPSOM) has been developed and is used to formulate an Australian multi-level energy plan.
Author: Carlo Carraro
Publisher: Springer Science & Business Media
ISBN: 9400934955
Category : Business & Economics
Languages : en
Pages : 355
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Book Description
Giovanni Castellani Rector of the University of Venice This book contains the Proceedings of the Conference on "Economic Policy and Control Theory" which was held at the University of Venice (Italy) on 27 January-l February 1985. The goal of the Conference was to survey the main developments of control theory in economics, by emphasizing particularly new achievements in the analysis of dynamic economic models by con trol methods. The development of control theory is strictly related to the development of science and technology in the last forty years. Control theory was indeed applied mainly in engineering, and only in the sixties economists started using control methods for analys ing economic problems, even if some preliminary economic applica tions of calculus of variations, from which control theory was then developed, date back to the twenties. Applications of control theory in economics also had to solve new, complicated, problems, like those encountered in optimal growth models, or like the determination of the appropriate inter temporal social welfare function, of the policy horizon and the relative final state of the system, of the appropriate discount factor. Furthermore, the uncertainty characterizing economic models had to be taken into account, thus giving rise to the development of stochastic control theory in economics.
