Achieving Macroeconomic Goals

Mike O'Brien

The Review of Economic Studies, 1982, vol. 49, issue 1, 117-135

Abstract: Two basic approaches to using dynamic econometric models to formulate macroeconomic policy are generally in use. These are: invertible transfer function methodology and optimal control methodology. In this paper a technique for determining dynamic growth paths is presented. The result of the application of this technique is the synthesis of the two approaches into a single approach yielding a policy with more desirable characteristics than was previously possible. An example of the use of this synthesis technique using Pindyck's model is presented.

Date: 1982
References: Add references at CitEc
Citations:

Downloads: (external link)
http://hdl.handle.net/10.2307/2297145 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:restud:v:49:y:1982:i:1:p:117-135.

Access Statistics for this article

The Review of Economic Studies is currently edited by Thomas Chaney, Xavier d’Haultfoeuille, Andrea Galeotti, Bård Harstad, Nir Jaimovich, Katrine Loken, Elias Papaioannou, Vincent Sterk and Noam Yuchtman

More articles in The Review of Economic Studies from Review of Economic Studies Ltd
Bibliographic data for series maintained by Oxford University Press ().