By Topic

Control theory and econometric models

Sign In

Cookies must be enabled to login.After enabling cookies , please use refresh or reload or ctrl+f5 on the browser for the login options.

Formats Non-Member Member
$31 $13
Learn how you can qualify for the best price for this item!
Become an IEEE Member or Subscribe to
IEEE Xplore for exclusive pricing!
close button

puzzle piece

IEEE membership options for an individual and IEEE Xplore subscriptions for an organization offer the most affordable access to essential journal articles, conference papers, standards, eBooks, and eLearning courses.

Learn more about:

IEEE membership

IEEE Xplore subscriptions

1 Author(s)
Norman, A.L. ; University of Minnesota, Minneapolis, Minnesota

An algorithm for computing the relative maxima of objective functions constrained by nonlinear, nonconcave models is employed to analyze the behavior and policy implications of an intermediate size nonlinear econometric model. A behavioral test is constructed to determine which of the sets of point estimates of the unknown parameters are consistent with economic theory. The model's evaluation of the effectiveness of monetary and fiscal policy versus fiscal policy is analyzed. An inflation test is constructed to evaluate the model's realism.

Published in:

Decision and Control, 1971 IEEE Conference on

Date of Conference:

15-17 Dec. 1971