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A Criterion for Multiperiod Controls in Economic Models with Unknown Parameters.
One of the more important questions in the area of quantitative economic policy concerns the suitability of optimal control theory for economic stabilization problems. Despite extensive theoretical ...
This paper is a sumaary of remarks for a panel discussion on "Rational Expectations and the Control of the Econcatym. After a brief review of the major issues in this area, it is argued that the c...
Review of Contemporary Economic Problems 1978.
Economic Theory, Model Size, and Model Purpose.
The criterion of economic performance used in this study is magnitude of fluctuations in inflation and output around longer term secular trends. The secular trends themselves are not the immediate f...
Deficits, Economic Stabilization and Growth.
This paper examines the differences between economic fluctuations in the United States and Japan during the period from 1972 through 1986. During this period the size of the fluctuations in real out...
Comments on ‘The Financial System and Economic Performance’ by Robert C. Merton.
ECONOMIC POLICY in the 1980s may eventually become the most studied and hotly debated of any decade in United States history, even including the 1930s. Popular writings about the 1980s economy alr...
Comments on ‘Does Monetary Policy Affect Real Economic Activity: Why Do We Still Ask This Question?’ by Benjamin Friedman.
For the past decades, the welfare state systems of most developed countries, including Britain and Germany, have been grappling with the task to combine the need for governments to constrain growth in...
The Annual World Bank Conference on Development Economics is a forum for discussion and debate of important policy issues facing developing countries. The conferences emphasize the contribution that...
The Bush administration’s emerging market strategy is an interrelated part of our overall international economic agenda. The agenda focuses on two goals: increasing economic growth and increasing e...

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