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Targeting inflation: Comparative control exercises on models of the UK economy

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  • Church, Keith B.
  • Mitchell, Peter R.
  • Smith, Peter N.
  • Wallis, Kenneth F.

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  • Church, Keith B. & Mitchell, Peter R. & Smith, Peter N. & Wallis, Kenneth F., 1996. "Targeting inflation: Comparative control exercises on models of the UK economy," Economic Modelling, Elsevier, vol. 13(2), pages 169-184, April.
    • Handle: RePEc:eee:ecmode:v:13:y:1996:i:2:p:169-184
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    References listed on IDEAS

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    1. Fisher, P G, et al, 1990. "Econometric Evaluation of the Exchange Rate in Models of the UK Economy," Economic Journal, Royal Economic Society, vol. 100(403), pages 1230-1244, December.
    2. Westaway, Peter F., 1995. "The Role of Macroeconomic Models in the Policy Design Process," National Institute Economic Review, National Institute of Economic and Social Research, vol. 151, pages 53-64, February.
    3. Leeper, Eric M., 1991. "Equilibria under 'active' and 'passive' monetary and fiscal policies," Journal of Monetary Economics, Elsevier, vol. 27(1), pages 129-147, February.
    4. Keith B. Church & Joanne E. Sault & Silvia Sgherri & Kenneth F. Wallis, 2000. "Comparative Properties of Models of the UK Economy," National Institute Economic Review, National Institute of Economic and Social Research, vol. 171(1), pages 106-122, January.
    5. McCallum, Bennett T., 1981. "Price level determinacy with an interest rate policy rule and rational expectations," Journal of Monetary Economics, Elsevier, vol. 8(3), pages 319-329.
    6. Buiter, Willem H & Miller, Marcus, 1981. "Monetary Policy and International Competitiveness: The Problems of Adjustment," Oxford Economic Papers, Oxford University Press, vol. 33(0), pages 143-175, Supplemen.
    7. Smith, Ron, 1990. "The Warwick ESRC macroeconomic modelling bureau: An assessment," International Journal of Forecasting, Elsevier, vol. 6(3), pages 301-309, October.
    8. Bray, Jeremy, et al, 1993. "Balance-Achieving Policies: A Comparative Policy-Optimization Study on Four UK Models," Oxford Review of Economic Policy, Oxford University Press and Oxford Review of Economic Policy Limited, vol. 9(3), pages 69-82, Autumn.
    9. repec:sae:niesru:v:153:y::i:1:p:59-72 is not listed on IDEAS
    10. Colin Hargreaves (ed.), 1992. "Macroeconomic Modelling Of The Long Run," Books, Edward Elgar Publishing, number 207.
    11. Turner, David S, 1991. "The Determinants of the Nairu Response in Simulations on the Treasury Model," Oxford Bulletin of Economics and Statistics, Department of Economics, University of Oxford, vol. 53(3), pages 225-242, August.
    12. repec:bla:econom:v:60:y:1993:i:238:p:225-37 is not listed on IDEAS
    13. Rustem, B. & Zarrop, M.B., 1979. "A newton-type method for the optimization and control of non-linear econometric models," Journal of Economic Dynamics and Control, Elsevier, vol. 1(3), pages 283-300.
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    Cited by:

    1. Sushanta Mallick, 2006. "Policy instruments to avoid output collapse: an optimal control model for India," Applied Financial Economics, Taylor & Francis Journals, vol. 16(10), pages 761-776.

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