000			01808pam a2200289 a 4500
008			861222s1987 ne a erb 001 0 eng
020			_a0444701885 (Elsevier Science Pub. Co.)
040			_aDLC _cDLC
050	0	0	_aHC435.2 _b.M34 1987
082	0	0	_a339.5'0954 _bMAN
100	2		_aManohar Rao, M. J.
245	1	0	_aFiltering and control of macroeconomic systems : _ba control system incorporating the Kalman filter for the Indian economy /
260			_aAmsterdam ; _aNew York : _bNorth-Holland ; _aNew York, N.Y., U.S.A. : _bSole distributors for the U.S.A. and Canada, Elsevier Science Pub. Co., _cc1987.
300			_axii, 279 p. :ill,
440		0	_aContributions to economic analysis ;
500			_aIncludes index.
504			_aIncludes bibliographical references: p. 261-271.
520			_aThe 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.
590			_ane 23/01/2019
591			_aLoans
650		0	_aMacroeconomics.
650		0	_aFilters (Mathematics)
650		0	_aControl theory.
651		0	_aIndia.
942			_2ddc _cBOOK
949			_a339.5'0954 MAN
999			_c12773 _d12773