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Feedback pp 116-121 | Cite as

Multiple Decision Makers

Chapter
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Part of the Advanced Studies in Theoretical and Applied Econometrics book series (ASTA, volume 10)

Abstract

The simple feedback framework includes a single decision maker like the pilot of an airplane or a spacecraft. However, the economy is influenced by the decisions of many. Not only the President and Congress but also the FRB determine policy for the economy. Moreover, it’s not only decisions in the public sector but also decisions in the private sector that determine the level of economic activity.

Keywords

Interest Rate Decision Maker Monetary Policy Fiscal Policy Federal Reserve 
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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Copyright information

© Martinus Nijhoff Publishers, Dordrecht 1988

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