By Abdykappar A. Ashimov, Bahyt T. Sultanov, Zheksenbek M. Adilov, Yuriy V. Borovskiy, Dmitriy A. Novikov, Robert M. Nizhegorodtsev, Askar A. Ashimov
After the transition to unfastened economic climate, governments of the previous Soviet republics discovered that during spite of turning into part of the shaky overseas fiscal order, their person monetary luck could be guaranteed via rational nationwide monetary rules that during addition to the basic legislations of provide and insist govern the commercial mechanism delicate to either exterior and inner phenomena. initially released in Russian and now translated in English, this booklet via Dr. A. Ashimov and his colleagues bargains a unique idea supplying a numerically-justifiable method of the answer of significant economic climate keep watch over difficulties which are confronted by means of nearly each govt on the earth. First, they built and proven various mathematical versions describing advanced interactions among monetary and social elements therefore permitting the choice makers to foresee the results in their judgements. moment, at the foundation of those types the authors formulated the best keep watch over difficulties which may be interpreted as attaining the transition to the fascinating monetary regimes and preserving those regimes even with preliminary stipulations and either exterior and inner perturbations.
It will be famous that as a result inherent uncertainty brought via statistical versions, the nonlinearity of the underlying phenomena and the goal to procure the optimum recommendations, the answer technique turns into relatively difficult and demands the appliance of the main subtle concepts provided in complex keep watch over idea. The authors applied the main instrumental statistical version validation recommendations; they validated enough stipulations for the life of optimum suggestions of the suitable keep watch over difficulties; and so they skillfully mixed the functions of the part area formalism, approach balance research, and the equipment of sensible research. eventually, they constructed algorithms leading to the optimum challenge options, therefore providing monetary coverage makers a in charge choice aid instrument.
Macroeconomic research and monetary coverage in response to Parametric Control bargains a singular, hugely mathematical method of the answer of very lifelike economic system keep watch over difficulties. It offers an exceptional instance of the appliance of mathematical modeling, complicated regulate thought, and model-based choice making which may be followed via researchers and graduate scholars focusing on economics, keep watch over, and correct components of analysis, addressing their very own learn difficulties.
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Extra info for Macroeconomic Analysis and Economic Policy Based on Parametric Control
22). – At the second stage, the law of optimal control of the parameter d is chosen on the basis of the results of the first stage by the maximum value of the criterion K. The considered problem was solved under the following conditions: Given parameter values a ¼ 0:5, b ¼ 0:5, A ¼ 1, B ¼ 1, k0 ¼ 4, c0 ¼ 0:8, T ¼ 3, L0 ¼ 1; For the following fixed values of the uncontrolled parameters: n ¼ 0:05, p ¼ 0:1; For the basic value of the controlled parameter d ¼ 0:2. 901038. 24) with any fixed value of the adjusted coefficient l1 > 0.
Econometric analysis, politico-economic interpretation of the results of control or the attenuation of structural uncertainty and coordination of the results with the decision maker Selection of the method and synthesis of the parametric control laws. Econometric analysis, politico-economic interpretation of the results of the parametric control and coordination of their results with the decision maker Robustness analysis of the mathematical models with the parametric control laws. Econometric analysis, politicoeconomic interpretation of the results of the robustness of the mathematical models with the parametric control laws and coordination of the results with the decision maker No Is the model robust?
One can choose N as, for instance, the parallelepiped with boundaries M ¼Mmin ; M ¼Mmax ; Q¼ Qmin ; Q¼Qmax ; p¼ pmin ; p¼pmax ; LG ¼LG min ; LG ¼ LG max . Here 0
Macroeconomic Analysis and Economic Policy Based on Parametric Control by Abdykappar A. Ashimov, Bahyt T. Sultanov, Zheksenbek M. Adilov, Yuriy V. Borovskiy, Dmitriy A. Novikov, Robert M. Nizhegorodtsev, Askar A. Ashimov