DocumentCode
2169898
Title
Macroeconomic control in improved Metzler´s model
Author
Liu, Xinghua ; Xia, Yu ; Xi, Hongsheng
Author_Institution
Dept. of Auto, Univ. of Sci. & Technol. of China, Hefei, China
fYear
2011
fDate
9-11 Sept. 2011
Firstpage
883
Lastpage
886
Abstract
The extended Metzler´s inventory cycle model of open economy is considered in this paper. The poles placement method of state feedback is applied to design the macroeconomic policy to make the output GNP grow by a certain rate. In the section of empirical research, the data of China´s economic development has been studied and the parameters of the improved Metzler´s model have been estimated in statistical and econometric methods. Finally, as an application we simulate the policy of China in The Twelfth Five-Year Plan.
Keywords
econometrics; economic indicators; macroeconomics; state feedback; statistical analysis; stock control; GNP; Metzler inventory cycle model; econometric method; economic development; macroeconomic control; macroeconomic policy; open economy; poles placement method; state feedback; statistical method; Economic indicators; Educational institutions; Equations; Government; Macroeconomics; State feedback; Metzler´s inventory cycle model; controllable; poles placement; state feedback;
fLanguage
English
Publisher
ieee
Conference_Titel
Electronics, Communications and Control (ICECC), 2011 International Conference on
Conference_Location
Ningbo
Print_ISBN
978-1-4577-0320-1
Type
conf
DOI
10.1109/ICECC.2011.6066363
Filename
6066363
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