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Adaptive Control of Macroeconomic Models with Measurement Error

  • David Kendrick
Chapter

Abstract

The data used by policy analysts to determine monetary and fiscal policies are known to contain errors. In fact these data are constantly being revised as more information becomes available. The magnitude of these revisions gives us a measure of the relative quality of different macroeconomic time series and yet economists do not presently use this information in determining policies.

Keywords

Adaptive Control Fiscal Policy Econometric Model Government Spending Adaptive Control Method 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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References

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Copyright information

© David Kendrick 1979

Authors and Affiliations

  • David Kendrick

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