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- W64250657 abstract "Optimal fiscal and monetary policies for the period 1993 to 2000 are calculated for Austria within the framework of a problem of quantitative economic policy. An intertemporal objective function is minimized subject to the constraints of a macroeconometric model. Exogenous variables of the model are forecast by time series methods. Using the optimum control algorithm OPTCON, approximately optimal policies are determined. The sensitivity of optimal policies with respect to the target values of the objective variables is investigated. It is shown that when designing intertemporal optimization problems, one must avoid to be either too ambitious or too cautious with respect to the postulated targets." @default.
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- W64250657 date "1996-01-01" @default.
- W64250657 modified "2023-10-14" @default.
- W64250657 title "Optimal policies under different assumptions about target values: An optimum control analysis for Austria" @default.
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- W64250657 doi "https://doi.org/10.1007/978-0-387-34897-1_29" @default.
- W64250657 hasPublicationYear "1996" @default.
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