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
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;
Conference_Titel :
Electronics, Communications and Control (ICECC), 2011 International Conference on
Conference_Location :
Ningbo
Print_ISBN :
978-1-4577-0320-1
DOI :
10.1109/ICECC.2011.6066363
