Dynamic Modelling and Control of National Economies 1983 - 1st Edition - ISBN: 9780080305578, 9781483153315

Dynamic Modelling and Control of National Economies 1983

1st Edition

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

Editors: T. Basar L. F. Pau
eBook ISBN: 9781483153315
Imprint: Pergamon
Published Date: 1st January 1984
Page Count: 488
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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


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


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About the Editor

T. Basar

L. F. Pau

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