TY  - BOOK
AU  - 
TI  - Filtering and control of macroeconomic systems: a control system incorporating the Kalman filter for the Indian economy 
SN  - 0444701885 (Elsevier Science Pub. Co.)
AV  - HC435.2 .M34 1987
U1  - 339.5'0954 
PY  - 1987///
CY  - Amsterdam, New York, New York, N.Y., U.S.A.
PB  - North-Holland, Sole distributors for the U.S.A. and Canada, Elsevier Science Pub. Co.
KW  - Macroeconomics
KW  - Filters (Mathematics)
KW  - Control theory
KW  - India
N1  - Includes index; Includes bibliographical references: p. 261-271
N2  - The work deals specifically with the construction of a Kalman filter mechanism, for deriving short-term optimal economic policies under conditions of uncertainty. It specifies and resolves a macro-econometric model which is linked to a unique observation sub-system of a given economy, congruent with the errors in information signalling which are prevalent within the data base context of most developing countries. An evaluation of control settings contrasts short and long-term economic policies. This indicates that an economy may `overheat' under protracted settings of instrument values around their optimal levels if the constraints on the system, in the form of external shocks, are too great to allow reaching all targets simultaneously using feasible instrument paths.
ER  -