Quarterly Journal of Economics Vol. 76 No. 1 1962
Linear Decision Rules for Economic Stabilization and Growth
Abstract
I. Introduction, 20. — II. A linear decision rule, 22; decision rule for static uncertainty, 23; decision rule for dynamic uncertainty, 25; plans, 28. — III. Simulation tests of the dynamic decision rule under uncertainty, 29; the policy of inaction, 30; decision rule stabilization with poor forecasts, 32; decision rule stabilization with perfect forecasts, 33; performance comparisons, 34; errors in estimating the economic relations and the welfare function, 38. — IV. Economic growth, 39. — V. Stabilization of an inherently unstable economy, 42. — VI. In conclusion, 43.
- DOI
- 10.2307/1891129
- Volume
- 76
- Issue
- 1
- Pages
- 20
- Sources
- openalex crossref