Optimal Economic Stabilization Policy: Linear Goal-Programming Models.
TEXAS UNIV AUSTIN CENTER FOR CYBERNETIC STUDIES
Pagination or Media Count:
A class of linear goal-programming models for optimal economic stabilization policy is presented and it is shown that it retains and extends the most interesting features of quadratic or piecewise quadratic models, while providing easier computation and more flexibility with respect to number of variables, additional conditions and time horizon choice. The iterative non-linear processes employed heretofore are replaced by single linear programming computations. Further extensions serve to model simultaneous time-horizon and interaction effect determinations and also evaluate the nature of the difficulties in these and related desiderata. Author
- Economics and Cost Analysis