IDEAS home Printed from https://ideas.repec.org/p/zbw/kondp1/85.html
   My bibliography  Save this paper

Quantitative Bestimmung und dynamische Bewertung optimaler wirtschaftspolitischer Entscheidungen

Author

Listed:
  • 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
    as

    Download full text from publisher

    File URL: https://www.econstor.eu/bitstream/10419/78171/1/690263767.pdf
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Friedman, Benjamin Morton, 1972. "Optimal Economic Stabilization Policy: An Extended Framework," Scholarly Articles 4554308, Harvard University Department of Economics.
    2. Frey, Bruno S., 1976. "Theorie und Empirik politischer Konjunkturzyklen," Discussion Papers, Series I 75, University of Konstanz, Department of Economics.
    3. 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.
    Full references (including those not matched with items on IDEAS)

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Peter Walsh & J. B. Cruz, Jr., 1976. "Neighboring Stochastic Control of an Econometric Model," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 211-221, National Bureau of Economic Research, Inc.
    2. Deleau Michel & Malgrange Pierre, 1976. "Application des méthodes d'optimisation aux modèles macroéconomiques de politique économique (l')," CEPREMAP Working Papers (Couverture Orange) 7606, CEPREMAP.
    3. Blueschke, D. & Blueschke-Nikolaeva, V. & Savin, I., 2013. "New insights into optimal control of nonlinear dynamic econometric models: Application of a heuristic approach," Journal of Economic Dynamics and Control, Elsevier, vol. 37(4), pages 821-837.
    4. Pedro Garcia Duarte, 2005. "A FEASIBLE AND OBJECTIVE CONCEPT OF OPTIMALITY: THE QUADRATIC LOSS FUNCTION AND U. S. MONETARY POLICY IN THE 1960's," Anais do XXXIII Encontro Nacional de Economia [Proceedings of the 33rd Brazilian Economics Meeting] 016, ANPEC - Associação Nacional dos Centros de Pós-Graduação em Economia [Brazilian Association of Graduate Programs in Economics].
    5. Benjamin M. Friedman, 1976. "A Note on Uncertainties in Control Applications," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 223-224, National Bureau of Economic Research, Inc.
    6. Florian Brugger & Jörn Kleinert, 2019. "The strong increase of Austrian government debt in the Kreisky era: Austro-Keynesianism or just stubborn forecast errors?," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 46(2), pages 229-248, May.
    7. Levoshko, Tamila, 2017. ""Pork-Barrel"-Politik und das regionale Wirtschaftswachstum. Empirische Evidenz für die Ukraine und Polen," Working Papers 0642, University of Heidelberg, Department of Economics.
    8. Levoshko, Tamila, 2016. "Wie beeinflussen die politische Lage und FDI das Wirtschaftswachstum? Empirische Evidenz für die Ukraine und Polen," Working Papers 0615, University of Heidelberg, Department of Economics.
    9. David Kendrick, 1976. "Applications of Control Theory to Macroeconomics," NBER Chapters, in: Annals of Economic and Social Measurement, Volume 5, number 2, pages 171-190, National Bureau of Economic Research, Inc.

    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:zbw:kondp1:85. 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.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with 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: ZBW - Leibniz Information Centre for Economics (email available below). General contact details of provider: https://edirc.repec.org/data/fwkonde.html .

    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.