Abstract
This paper investigates the applicability of the Lyapunov minmax approach advocated by LEITMANN AND WAN for stabilizing uncertain economic systems to problems of quantitative macroeconometric stabilization using existing econometric models. The approach is illustrated by means of stochastic simulations using the long-run version of the French MICRO-DMS model.
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© 1988 Springer-Verlag Berlin Heidelberg
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Deissenberg, C. (1988). Long-Run Macroeconometric Stabilization Under Bounded Uncertainty. In: Eiselt, H.A., Pederzoli, G. (eds) Advances in Optimization and Control. Lecture Notes in Economics and Mathematical Systems, vol 302. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-46629-8_22
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DOI: https://doi.org/10.1007/978-3-642-46629-8_22
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-540-18962-6
Online ISBN: 978-3-642-46629-8
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