Applied Decision Analysis and Economic Behaviour

Paperback (Softcover reprint of the original 1st ed. 1984)
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Table of Contents

I: Expectations.- 1. Optimal Stabilisation Policies under Perfect Foresight.- 2. Towards the Resurrection of Macroeconomic Policies.- 3. Optimal Feedback and Feedforward Stabilisation of Exchange Rates, Money, Prices and Output.- II: Uncertainty.- 4. Adaptive Econometric Forecasting using an Approximate Filtering-Smoothing Algorithm: the Case of the Israeli Meat Sector.- 5. Controlling an Econometric Model using Different Coefficient Sets.- 6. The Uncertainty Frontier as a Global Approach to the Efficient Stabilisation of Economic Systems: Experiments with the MICRO-DMS Model.- III: Policy Analysis and Decision Models.- 7. Incomes Policy in a Political Business Cycle Environment: a Structural Model for the UK 1961–1980.- 8. Multiperiod Prediction for Dynamic Models with Auorrelated Errors Conditional on Feedback Rules for Future Policy Variables.- 9. The Evaluation of Historical Policy via Optimal Control Techniques.- IV: Market Management.- 10. Endogenous vs. Exogenous Targets for Commodity Market Stabilisation.- 11. Simple and Optimal Control Rules for Stabilising Speculative Commodity Markets.- V: Decentralisation and Multi-Sector Planning.- 12. Behavioural Assumptions in Decentralised Stabilisation Policies.- 13. Stability Analysis of Large Scale Economic Systems which have a Multi-time Scale.- 14. The Location of a Firm on a Network.- Epilogue.- 15. Style in Multisectoral Modelling.

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