Analysis and Control of Dynamic Economic SystemsANALYSIS OF DYNAMIC ECONOMIC SYSTEMS; CONTROL OF DYNAMIC ECONOMIC SYSTEMS. |
Contents
CHAPTER | 3 |
ANALYSIS OF LINEAR DETERMINISTIC SYSTEMS | 19 |
TIME DOMAIN | 38 |
Copyright | |
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a₁ absolute value analysis applied assumed autocorrelation function autocovariance function autocovariance matrix b₁ calculations canonical variables Chapter characteristic roots complex roots computed consumption function control problem control variables cosine function covariance matrix cycles defined denoted density matrix derived deviations diagonal dynamic economics dynamic programming dynamic properties econometric model elements endogenous equal estimate evaluate exogenous variables expected welfare loss expenditures feedback control equation frequency G₁ given identity Kalman filter lagged Lagrange multipliers linear combination linear stochastic difference linear system macroeconomic mean method minimize multiplier nonlinear nonstochastic observations obtained optimal control optimal policy parameters path periodic components pseudospectrum quadratic quadratic function random disturbances random variable residuals result sample Section solution solving specified spectral density function stationary stochastic difference equations stochastic dynamic stochastic system system of stochastic target variables tions variance vector weighted sum welfare function x₁ y₁ y₂