Control theory and economic policy: Balance and perspectives

被引:7
作者
Neck, Reinhard [1 ]
机构
[1] Klagenfurt Univ, Dept Econ, A-9020 Klagenfurt, Austria
关键词
Economics; Economic policy; Optimum control; Stochastic control; Dynamic games; Robust control; OPTIMAL STABILIZATION POLICIES; QUADRATIC CRITERION FUNCTION; ROBUST MONETARY-POLICY; SYSTEMS; RULES; UNCERTAINTY; CONTROLLABILITY; DESIGN; MODEL; EMU;
D O I
10.1016/j.arcontrol.2009.03.004
中图分类号
TP [自动化技术、计算机技术];
学科分类号
0812 ;
摘要
This paper provides a selective survey of applications of control theory to the analysis of economic policy problems. We discuss applications of closed-loop control and of optimum control theory, including deterministic, stochastic and decentralized optimum control. Promising areas of mutual cooperation between control theorists and economists such as robust control and dynamic game theory are identified. A critical evaluation is given of different control theory approaches to an empirically useful theory of economic policy. (C) 2009 Elsevier Ltd. All rights reserved.
引用
收藏
页码:79 / 88
页数:10
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