IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-16092-1_11.html
   My bibliography  Save this book chapter

Managing the Modern Economy: Econometric Specification

In: Optimal Control for Econometric Models

Author

Listed:
  • Lawrence R. Klein

Abstract

The legacy of the Keynesian Revolution is a method or an approach to macroeconomic management that attempts largely, but not entirely, to manipulate the level of demand through fiscal and monetary policy instruments in order to achieve economic stabilisation. This has been assumed to mean steady operation of the economy at or near full employment. In the open economy, this approach must be extended to include manipulation of trade policy instruments.

Suggested Citation

  • Lawrence R. Klein, 1979. "Managing the Modern Economy: Econometric Specification," Palgrave Macmillan Books, in: Sean Holly & Berç Rüstem & Martin B. Zarrop (ed.), Optimal Control for Econometric Models, chapter 11, pages 265-285, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-16092-1_11
    DOI: 10.1007/978-1-349-16092-1_11
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pal:palchp:978-1-349-16092-1_11. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.palgrave.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.