Dynamic Modelling and Control of National Economies 1983

Dynamic Modelling and Control of National Economies 1983

Proceedings of the 4th IFAC/IFORS/IIASA Conference and the 1983 SEDC Conference on Economic Dynamics and Control, Washington D.C., USA, 17-19 June 1983

1st Edition - January 1, 1984

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  • Editors: T. Basar, L. F. Pau
  • eBook ISBN: 9781483153315

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Dynamic Modelling and Control of National Economies 1983 contains the proceedings of the Fourth IFAC/IFORS/IIASA Conference and the 1983 SEDC Conference on Economic Dynamics and Control held at Washington D.C., USA on June17-19, 1983. Separating the 65 papers presented in the conference as chapters, this book covers a broad class of problems or notions arising both in economic theory, control applications to planning, and implementation issues. Some chapters discuss multi-level interactions of government and private sectors in economic development; inflation and economic policy in an open economy; foreign debt and exchange rate stability in a developing country; and expectations in numerical general equilibrium models. This book also explains a rational decision-making process for resource policymaking; inference of the structure of economic reasoning from natural language analysis; modeling and analysis of a national economy; and methodological issues in global modeling. Econometric analysis of the economic effects of population change, aspects of optimal estimation control strategies in econometrics, and optimal policies for interdependent economies are also discussed. This book will be useful to those engaged in economic and control theory research.

Table of Contents

  • Introduction

    Plenary Lecture

    International Model Building and Coordination of Economic Policies

    Game Theory for Planning I

    Policy Solutions for a Linked Model for Two Common Market Countries

    Open-Loop Nash Strategies for Extracting Exhaustible Resources by Oligopolists

    Multi-Level Interactions of Government and Private Sectors in Economic Development

    Rival Models: Min-Max Problems and Algorithms

    Open Economies

    Wage Contracting, and Exchange Rate Volatility

    Inflation and Economic Policy in an Open Economy: Some Simulations with a Dynamic Macroeconometric Model

    Foreign Debt and Exchange Rate Stability in a Developing Country

    Optimal Stabilization Policy in a Model of Elasticity Dynamics

    General Equilibrium Modeling of National Economies

    Expectations in Numerical General Equilibrium Models

    Welfare Measures for General Equilibrium Analysis of Economic Policies

    A Model of Energy, International Trade and Capital Flows

    Real and Nominal Flows in a Computable General Equilibrium (CGE) Model

    Simulation Studies

    On the Stochastic Control of Large Nonlinear Econometric Models

    On the Sensitivity of Optimal Macroeconomic Policies to Econometric Models, an Empirical Analysis for Austria

    An Optimal Control Simulation Analysis of the Oil-Shocked Japanese Economy

    On the Effectiveness of Fixed Rules and Indicators

    Modeling and Assessment Methodologies

    The Concept of Reading as Analysis of Macroeconomic Models

    Computer Based Techniques for Assessing Credibility of Complex Simulation Models

    Implementation of Socio-Economic Planning Models in Federal Agencies

    A Rational Decision making Process for Resource Policymaking

    Modeling Languages I

    A Modeling Language for Sets of Linked Models

    Disaggregated Model-Building Using the IDIOM Software System

    Inference of the Structure of Economic Reasoning from Natural Language Analysis

    Control Methods

    A Comparison of Frequency-Domain and Optimal Control Methods in Macroeconomic Policy Design

    On the Dynamics of the LBS Econometric Model

    Self tuning Control of a Macro Economic System

    On the Modeling and Analysis of a National Economy

    On the Markov Stopping Rule Associated with the Problem of Controlling a Dual Economy

    Global Modeling

    Methodological Issues in Global Modeling: Structural vs. Data-Analytic Approaches

    A Macroeconomic Study on the Future of Global Interdependence

    Effectiveness Of Economic Policies

    Stochastic Optimal Control for Monetary Planning

    Modeling Languages II

    A Mathematical-Computer Language for Linear Programming Problems

    The Transaction Value Approach: A Systematic Method of Defining Economy wide Models Based on Social Accounting Matrices

    Input-Output and Regional Models

    Appraising Development Plans for a Small, Open Economy

    Equilibrium Evolution of a Many-Good, Many-Sector Economy

    Some Initial Explorations of Interregional Linkages for Econometric Models

    Factor Demands and Input Substitution in an Interindustry Model for the Italian Economy

    Game Theory for Planning II

    Decentralized Linear-Quadratic Differential Games with Incentives

    Robustness of Incentive Policies in Team Problems with Discrepancies in Goal Perceptions

    Market Equilibrium in a Multistage Commodity Network


    The Effects of an Activist Policy on Macroeconomic Stability

    Sectoral Productivity Gains and Induced Inflation

    The Principle of Political-Economic Assignment: Analysis of a Macro-Economic Model with Political Feedbacks

    Macro Model with Social Accounting Structure for Brazil

    An 'Optimal' Phillips-Curve

    Energy Models

    OPEC's Pricing Policy and the International Transmission of Oil Price Effects

    An Energy-Economic Model for Developing Countries

    A Petroleum Price Model Associated with Cross Impact Method

    A Framework for Evaluating Planning Strategies for an Oil Exporting Country Under Uncertainty of Future Oil Prices and Rates of Return

    International Finance and Macroeconomics

    International Portfolio Behavior of U.S. Banks

    The Interdependence Between Wage Indexation and Exchange Market Intervention

    Currency Crises and Exchange Rate Instability

    Planning and Decision Models in Developing Countries

    An Econometric Analysis of the Economic Effects of Population Change

    Decision Making Model for Marine Investment Policy for the Developing Countries

    A Study on Alternative Strategies for the Process of Economic Development Using a Non-Equilibrium Input-Output Model (NEVA)

    International Macroeconomics

    Currency Inconvertibility, Portfolio Balance and Relative Prices

    The Formation of Short-Run and Long-Run Exchange Rate Expectations

    Dynamic Assessment of Financial, Monetary and Real Disturbances in a Three-Country World: Derivation of a Basic Inequality

    Estimation and Identification

    Identification and Estimation of Time Varying Models with Structural Variability of the Parameters

    Parameter Estimation in Large Scale Econometric Models Using Decentralized Filtering Algorithms

    Aspects of Optimal Estimation Control Strategies in Econometrics

    The Effects of Cyclicality and Inflation Expectations on Investment

    Interdependent Economies

    Optimal Policies for Interdependent Economies: Risk Aversion and the Problem of Information

    A Test of the International Term Structure of Interest Rates: The United States-Canadian Experience, 1973-80

    Conference Attendees

    Author Index

Product details

  • No. of pages: 488
  • Language: English
  • Copyright: © Pergamon 1984
  • Published: January 1, 1984
  • Imprint: Pergamon
  • eBook ISBN: 9781483153315

About the Editors

T. Basar

L. F. Pau

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