Monetary and financial planning for a transitory economy : an adaptive control model for India
著者
書誌事項
Monetary and financial planning for a transitory economy : an adaptive control model for India
Avebury, c1995
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注記
Bibliography: p. 143-148
Includes index
内容説明・目次
内容説明
This book analyses recent developments in macroeconomic policy modelling and optimal control methods. It analyses several types of optimal control systems and suggests a novel method of adaptive optimal control using Baysian approach when the expectation generating mechanisms can modify the probability structure and the response parameters of the model. The adaptive optimal control using Baysian method was applied to a structural adjustment policy model for the Indian economy. Recent development of the Indian economy and the effectiveness of monetary-fiscal-exchange rate policies during the plan periods were analysed. The adaptive control model for India provides several alternative plans in a mixed economy where the private sector can be regulated by monetary-fiscal instruments.
目次
- Contents: India's economic scene and the behaviour of the monetary-financial instruments
- Method of optimal control
- Recent advances in macroeconomic policy analysis and the analytical structure of the control model
- Estimation and analysis of the model
- Analysis of the result of the control system
- Bibliography
- Index.
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