{"product_id":"9781461375548","title":"Advances in Computational Economics: Computation of Policy Trajectories with Separate Model Based Control","description":"\u003ch1\u003eAdvances in Computational Economics: Computation of Policy Trajectories with Separate Model Based Control\u003c\/h1\u003e \u003ch2\u003eHerbert, Ric D.\u003c\/h2\u003e \u003cp\u003e\u003cem\u003eObservers and Macroeconomic Systems\u003c\/em\u003e is concerned with the  computational aspects of using a control-theoretic approach to the  analysis of dynamic macroeconomic systems. The focus is on using a  separate model for the development of the control policies. In  particular, it uses the observer-based approach whereby the separate  model learns to behave in a similar manner to the economic system  through output-injections. \u003cbr\u003e  The book shows how this approach can be used to learn the  forward-looking behaviour of economic actors which is a distinguishing  feature of dynamic macroeconomic models. It also shows how it can be  used in conjunction with low-order models to undertake policy analysis  with a large practical econometric model. This overcomes some of the  computational problems arising from using just the large econometric  models to compute optimal policy trajectories. \u003cbr\u003e  The work also develops visual simulation software tools that can be  used for policy analysis with dynamic macroeconomic systems.\u003c\/p\u003e \u003ch3\u003eDetails\u003c\/h3\u003e \u003cp\u003ePublished by: Springer\u003c\/p\u003e \u003cp\u003ePublication Date: 2012-12-23\u003c\/p\u003e \u003cp\u003eFormat: Paperback\u003c\/p\u003e \u003cp\u003eISBN-13: 9781461375548\u003c\/p\u003e \u003cp\u003eDOI: 10.1007\/978-1-4615-5583-4\u003c\/p\u003e \u003cp\u003eDimensions: 240cm x160cm\u003c\/p\u003e \u003cp\u003ePages: 309\u003c\/p\u003e ","brand":"Springer US","offers":[{"title":"Default Title","offer_id":44359140311180,"sku":"9781461375548","price":197.99,"currency_code":"USD","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0710\/9545\/1788\/files\/9781461375548.jpg?v=1771515664","url":"https:\/\/fh90cf-fv.myshopify.com\/products\/9781461375548","provider":"Late Knight Books and Services, LLC","version":"1.0","type":"link"}