IDEAS home Printed from https://ideas.repec.org/a/kap/ecopln/v16y1980i1p49-56.html
   My bibliography  Save this article

Optimal Control of Linear Econometric Models with Intermittent Controls

Author

Listed:
  • Deissenberg, Christophe

Abstract

Dynamic Programming is used to derive the optimal feedback solution to the minimization of a quadratic welfare loss-functional subject to a linear econometric model, when the value of some instrument variables can not be optimized in every model period, but only in single ones. In this way, the relative inertia of fiscal policy-making, as compared to monetary policymaking, can e.g. be taken into account. Analytical expressions are derived for the optimal feedback rules and for the minimum expected losses, and literative schemes are proposed for their numerical computation. It is suggested that a numerical analysis of the economic gain to be realized by making more frequent adjustment of fiscal policy variables than is actually the case could yield valuable information for policy-makers.
(This abstract was borrowed from another version of this item.)

Suggested Citation

  • Deissenberg, Christophe, 1980. "Optimal Control of Linear Econometric Models with Intermittent Controls," Economic Change and Restructuring, Springer, vol. 16(1), pages 49-56.
    • Handle: RePEc:kap:ecopln:v:16:y:1980:i:1:p:49-56
    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.

    Other versions of this item:

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Yu, Juan & Hu, Cheng & Jiang, Haijun & Teng, Zhidong, 2012. "Exponential lag synchronization for delayed fuzzy cellular neural networks via periodically intermittent control," Mathematics and Computers in Simulation (MATCOM), Elsevier, vol. 82(5), pages 895-908.
    2. Chu, Xiaoyan & Xu, Liguang & Hu, Hongxiao, 2020. "Exponential quasi-synchronization of conformable fractional-order complex dynamical networks," Chaos, Solitons & Fractals, Elsevier, vol. 140(C).
    3. David Kendrick & George Shoukry, 2014. "Quarterly Fiscal Policy Experiments with a Multiplier-Accelerator Model," Computational Economics, Springer;Society for Computational Economics, vol. 44(3), pages 269-293, October.
    4. Hu, Cheng & Yu, Juan, 2016. "Generalized intermittent control and its adaptive strategy on stabilization and synchronization of chaotic systems," Chaos, Solitons & Fractals, Elsevier, vol. 91(C), pages 262-269.

    More about this item

    Statistics

    Access and download statistics

    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:kap:ecopln:v:16:y:1980:i:1:p:49-56. 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.springer.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.