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Applications of Control Theory to Macroeconomics

In: Annals of Economic and Social Measurement, Volume 5, number 2

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  • David Kendrick

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  • David Kendrick, 1976. "Applications of Control Theory to Macroeconomics," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 171-190, National Bureau of Economic Research, Inc.
  • Handle: RePEc:nbr:nberch:10438
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    1. Kmenta, J & Smith, Paul E, 1973. "Autonomous Expenditures Versus Money Supply: An Application of Dynamic Multipliers," The Review of Economics and Statistics, MIT Press, vol. 55(3), pages 299-307, August.
    2. Kareken, John H & Muench, Thomas & Wallace, Neil, 1973. "Optimal Open Market Strategy: The Use of Information Variables," American Economic Review, American Economic Association, vol. 63(1), pages 156-172, March.
    3. Stein, Jerome L & Infante, Ettore F, 1973. "Optimal Stabilization Paths," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 5(1), pages 525-562, Part II F.
    4. Robert S. Pindyck, 1972. "Optimal Stabilization Policies via Deterministic Control," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 1, number 4, pages 385-390, National Bureau of Economic Research, Inc.
    5. Ray C. Fair, 1975. "On Controlling the Economy to Win Elections," Cowles Foundation Discussion Papers 397, Cowles Foundation for Research in Economics, Yale University.
    6. Finn Kydland, 1976. "Decentralized Stabilization Policies: Optimization and the Assignment Problem," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 249-261, National Bureau of Economic Research, Inc.
    7. Cooper, J Phillip & Fischer, Stanley, 1974. "Monetary and Fiscal Policy in the Fully Stochastic St. Louis Econometric Model," Journal of Money, Credit and Banking, Blackwell Publishing, vol. 6(1), pages 1-22, February.
    8. Dreze, Jacques H, 1972. "Econometrics and Decision Theory," Econometrica, Econometric Society, vol. 40(1), pages 1-17, January.
    9. Robert S. Pindyck, 1976. "The Cost of Conflicting Objectives in Policy Formulation," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 239-248, National Bureau of Economic Research, Inc.
    10. Holbrook, Robert S, 1972. "Optimal Economic Policy and the Problem of Instrument Instability," American Economic Review, American Economic Association, vol. 62(1), pages 57-65, March.
    11. Fischer, Stanley & Cooper, J Phillip, 1973. "Stabilization Policy and Lags," Journal of Political Economy, University of Chicago Press, vol. 81(4), pages 847-877, July-Aug..
    12. Christopher T. Babb & Albert E. Burger & Lionel Kalish, 1971. "Money stock control and its implications for monetary policy," Review, Federal Reserve Bank of St. Louis, vol. 53(Oct), pages 6-22.
    13. Stephen J. Turnovsky, 1973. "Optimal Stabilization Policies for Deterministic and Stochastic Linear Economic Systems," Review of Economic Studies, Oxford University Press, vol. 40(1), pages 79-95.
    14. Chow, Gregory C, 1973. "Effect of Uncertainty on Optimal Control Policies," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 14(3), pages 632-645, October.
    15. Norman, Alfred L, 1974. "On the Relationship Between Linear Feedback Control and First Period Certainty Equivalence," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 15(1), pages 209-215, February.
    16. Christopher T. Babb & Albert E. Burger & Lionel Kalish, 1971. "Money stock control and its implications for monetary policy: technical appendices," Working Papers 1971-014, Federal Reserve Bank of St. Louis.
    17. Leonall C. Andersen & Keith M. Carlson, 1986. "A monetarist model for economic stabilization," Review, Federal Reserve Bank of St. Louis, issue Oct, pages 45-66.
    18. Franklin R. Shupp, 1976. "Uncertainty and Optimal Policy Intensity in Fiscal and Incomes Policies," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 225-237, National Bureau of Economic Research, Inc.
    19. Franklin R. Shupp, 1972. "Uncertainty and Stabilization Policies for a Nonlinear Macroeconomic Model," The Quarterly Journal of Economics, Oxford University Press, vol. 86(1), pages 94-110.
    20. Charles C. Holt, 1962. "Linear Decision Rules for Economic Stabilization and Growth," The Quarterly Journal of Economics, Oxford University Press, vol. 76(1), pages 20-45.
    21. MacRae, Elizabeth Chase, 1975. "An Adaptive Learning Rule for Multiperiod Decision Problems," Econometrica, Econometric Society, vol. 43(5-6), pages 893-906, Sept.-Nov.
    22. Elizabeth Chase MacRae, 1972. "Linear Decision with Experimentation," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 1, number 4, pages 437-447, National Bureau of Economic Research, Inc.
    23. Chow, Gregory C, 1972. "Optimal Control of Linear Econometric Systems with Finite Time Horizon," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 13(1), pages 16-25, February.
    24. Jeremy Bray, 1974. "Predictive Control of a Stochastic Model of the U.K. Economy Simulating Present Policy Making Practice by the U.K. Government," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 3, number 1, pages 239-256, National Bureau of Economic Research, Inc.
    25. Christopher A. Sims, 1974. "Optimal Stable Policies for Unstable Instruments," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 3, number 1, pages 257-266, National Bureau of Economic Research, Inc.
    26. R. H. Mehra, 1974. "Topics in Stochastic Control Theory Identification in Control and Econometrics: Similarities and Differences," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 3, number 1, pages 21-48, National Bureau of Economic Research, Inc.
    27. J. Phillip Cooper & Stanley Fischer, 1972. "Stabilization Policy and Lags: Summary and Extension," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 1, number 4, pages 407-417, National Bureau of Economic Research, Inc.
    28. Henderson, Dale W. & Turnovsky, Stephen J., 1972. "Optimal macroeconomic policy adjustment under conditions of risk," Journal of Economic Theory, Elsevier, vol. 4(1), pages 58-71, February.
    29. Prescott, Edward C, 1972. "The Multi-Period Control Problem Under Uncertainty," Econometrica, Econometric Society, vol. 40(6), pages 1043-1058, November.
    30. Andrew B. Abel, 1975. "A Comparison of Three Control Algorithms as Applied to the Monetarist-Fiscalist Debate," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 4, number 2, pages 239-252, National Bureau of Economic Research, Inc.
    31. Robert S. Holbrook, 1974. "A Practical Method for Controlling a Large Nonlinear Stochastic System," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 3, number 1, pages 155-176, National Bureau of Economic Research, Inc.
    32. Thomas J. Sargent, 1971. "The Optimum Monetary Instrument Variable in a Linear Economic Model," Canadian Journal of Economics, Canadian Economics Association, vol. 4(1), pages 50-60, February.
    33. Yaakov Bar-Shalom & Edison Tse, 1976. "Caution, Probing, and the Value of Information in the Control of Uncertain Systems," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 3, pages 323-337, National Bureau of Economic Research, Inc.
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    Cited by:

    1. D.A. Kendrick & H.M. Amman & M.P. Tucci, 2008. "Learning About Learning in Dynamic Economic Models," Working Papers 08-20, Utrecht School of Economics.
    2. Emilio Cerdá Tena, 1990. "Control óptimo de sistemas lineales con expectativas racionales," Investigaciones Economicas, Fundación SEPI, vol. 14(1), pages 85-111, January.
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    4. Barbosa, Fernando de Holanda, 1992. "Política Monetária Ótima no Combate à Inflação," Brazilian Review of Econometrics, Sociedade Brasileira de Econometria - SBE, vol. 12(1), April.
    5. Rodney Wingrove & Ronald Davis, 2012. "Classical Linear-Control Analysis Applied to Business-Cycle Dynamics and Stability," Computational Economics, Springer;Society for Computational Economics, vol. 39(1), pages 77-98, January.

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