IDEAS home Printed from https://ideas.repec.org/h/pal/palchp/978-1-349-16092-1_1.html
   My bibliography  Save this book chapter

A Control Theory Framework for Policy Analysis

In: Optimal Control for Econometric Models

Author

Listed:
  • J. H. Westcott
  • M. B. Zarrop
  • S. Holly
  • B. Rüstem
  • R. Becker

Abstract

In the last decade there have been major changes in the manner in which governments have decided upon what kinds of economic policies to pursue. Large econometric models which provide forecasts and information about possible policy alternatives are now a common feature. The degree to which they are used is not uniform among countries and even where considerable reliance is placed upon them very often other considerations will predominate. More recently attention has shifted to developing ways in which these models could be used more effectively. One area that has attracted widespread attention is that of stochastic optimal control theory.

Suggested Citation

  • J. H. Westcott & M. B. Zarrop & S. Holly & B. Rüstem & R. Becker, 1979. "A Control Theory Framework for Policy Analysis," Palgrave Macmillan Books, in: Sean Holly & Berç Rüstem & Martin B. Zarrop (ed.), Optimal Control for Econometric Models, chapter 1, pages 3-28, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-16092-1_1
    DOI: 10.1007/978-1-349-16092-1_1
    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_1. 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.