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Quantitative Bestimmung und dynamische Bewertung optimaler wirtschaftspolitischer Entscheidungen

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  • Deissenberg, Christophe
  • Stöppler, Siegmar

Abstract

This article offers an introduction to Quantitative Economic Policy, i.e. the use of econometric models together with mathematical optimization methods for the analysis and quantitative determination of optimal macroeconomic policy. The corresponding basic methodology, optimal feedback stochastic control of linear econometric modeis given a quadratic cost functional, is presented with particular regard to its practical application. The method is then applied for demonstration purposes to an econometric model of the Federal Republic of Germany.

Suggested Citation

  • Deissenberg, Christophe & Stöppler, Siegmar, 1976. "Quantitative Bestimmung und dynamische Bewertung optimaler wirtschaftspolitischer Entscheidungen," Discussion Papers, Series I 85, University of Konstanz, Department of Economics.
    • Handle: RePEc:zbw:kondp1:85
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    References listed on IDEAS

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    1. Friedman, Benjamin M, 1972. "Optimal Economic Stabilization Policy: An Extended Framework," Journal of Political Economy, University of Chicago Press, vol. 80(5), pages 1002-1022, Sept.-Oct.
    2. Friedman, Benjamin Morton, 1972. "Optimal Economic Stabilization Policy: An Extended Framework," Scholarly Articles 4554308, Harvard University Department of Economics.
    3. Frey, Bruno S., 1976. "Theorie und Empirik politischer Konjunkturzyklen," Discussion Papers, Series I 75, University of Konstanz, Department of Economics.
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