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Multiple relative maxima in optimal macroeconomic policy: an illustration

Author

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  • Alfred L. Norman
  • M. R. Norman
  • Carl Palash

Abstract

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Suggested Citation

  • Alfred L. Norman & M. R. Norman & Carl Palash, 1979. "Multiple relative maxima in optimal macroeconomic policy: an illustration," Special Studies Papers 134, Board of Governors of the Federal Reserve System (U.S.).
    • Handle: RePEc:fip:fedgsp:134:x:2
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    Cited by:

    1. repec:use:tkiwps:2020 is not listed on IDEAS
    2. Wieland, Volker, 2000. "Learning by doing and the value of optimal experimentation," Journal of Economic Dynamics and Control, Elsevier, vol. 24(4), pages 501-534, April.
    3. Tucci, Marco P. & Kendrick, David A. & Amman, Hans M., 2010. "The parameter set in an adaptive control Monte Carlo experiment: Some considerations," Journal of Economic Dynamics and Control, Elsevier, vol. 34(9), pages 1531-1549, September.
    4. D.A. Kendrick & H.M. Amman & M.P. Tucci, 2008. "Learning About Learning in Dynamic Economic Models," Working Papers 08-20, Utrecht School of Economics.
    5. Tucci, Marco P., 2002. "A note on global optimization in adaptive control, econometrics and macroeconomics," Journal of Economic Dynamics and Control, Elsevier, vol. 26(9-10), pages 1739-1764, August.
    6. Kendrick, David A., 2005. "Stochastic control for economic models: past, present and the paths ahead," Journal of Economic Dynamics and Control, Elsevier, vol. 29(1-2), pages 3-30, January.
    7. Bond, Craig A., 2008. "On the Potential Use of Adaptive Control Methods for Improving Adaptive Natural Resource Management," Working Papers 108721, Colorado State University, Department of Agricultural and Resource Economics.

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