New insights into optimal control of nonlinear dynamic econometric models: Application of a heuristic approach

Optimal control of dynamic econometric models has a wide variety of applications including economic policy relevant issues. There are several algorithms extending the basic case of a linear-quadratic optimization and taking nonlinearity and stochastics into account, but being still limited in a vari...

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Veröffentlicht in:	Journal of economic dynamics & control 2013-04, Vol.37 (4), p.821-837
Hauptverfasser:	Blueschke, D., Blueschke-Nikolaeva, V., Savin, I.
Format:	Artikel
Sprache:	eng
Schlagworte:	Algorithms Differential evolution Dynamic programming Econometric models Econometrics Economic dynamics Economic policy Economic theory Heuristic Heuristics Linear models Nonlinear optimization Optimal control Studies
Online-Zugang:	Volltext
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