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Monetary and Financial Planning for a Transitory Economy
Dipak R. Basu
其他書名
An Adaptive Control Model for India
出版Avebury, 1995
主題Business & Economics / GeneralBusiness & Economics / Economic ConditionsBusiness & Economics / Economic HistoryBusiness & Economics / Economics / MacroeconomicsBusiness & Economics / Money & Monetary PolicyPolitical Science / GeneralSocial Science / Anthropology / GeneralTechnology & Engineering / Environmental / General
ISBN18597202189781859720219
URLhttp://books.google.com.hk/books?id=djm8AAAAIAAJ&hl=&source=gbs_api
註釋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.