photophobia 发表于 2025-3-30 08:32:20
Development of Control Theory in Macroeconomicsed into three periods. The first is pre-1970 when the major ideas of policy analysis and of optimization were formed. The second is the early and middle 1970s when formal stochastic control theory was rapidly developed for and applied to the study of macroeconomic policy. The third period, beginning重画只能放弃 发表于 2025-3-30 15:52:45
A System-Theoretic Approach to the Theory of Economic Policyowed Preston’s 1974 pioneering article. In particular a recent paper by Wohltmann thoroughly analyses this relationship for the discrete time case. The continuous time case, however, in our opinion, deserves further discussion.Focus-Words 发表于 2025-3-30 18:50:37
Software for Economic Optimal Control Models use. This paper contrasts the software of the past with the software of the present and outlines the likely form of the software of the future. In so doing it chronicles the evolution of input and output from numbers to equations to graphics.Axillary 发表于 2025-3-30 22:45:45
Risk Reduction and the Robustness of Economic Policiesf policy makers. Unfortunately, certainty equivalence (Theil, 1964) applied to a quadratic objective (subject to linear constraints) implies decisions which are invariant to the degree of uncertainty involved and hence invariant to the magnitude of the risks undertaken by the decision maker (Johanse