DocumentCode
2996558
Title
Control theory and econometric models
Author
Norman, A.L.
Author_Institution
University of Minnesota, Minneapolis, Minnesota
fYear
1971
fDate
15-17 Dec. 1971
Firstpage
85
Lastpage
95
Abstract
An algorithm for computing the relative maxima of objective functions constrained by nonlinear, nonconcave models is employed to analyze the behavior and policy implications of an intermediate size nonlinear econometric model. A behavioral test is constructed to determine which of the sets of point estimates of the unknown parameters are consistent with economic theory. The model´s evaluation of the effectiveness of monetary and fiscal policy versus fiscal policy is analyzed. An inflation test is constructed to evaluate the model´s realism.
Keywords
Algorithm design and analysis; Calculus; Control theory; Econometrics; Economics; Nonlinear equations; Parameter estimation; Public finance; Stochastic processes; Testing;
fLanguage
English
Publisher
ieee
Conference_Titel
Decision and Control, 1971 IEEE Conference on
Conference_Location
Miami Beach, FL, USA
Type
conf
DOI
10.1109/CDC.1971.270955
Filename
4044716
Link To Document