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An optimal control solution to the liquidity constraint problem

✍ Scribed by John J. Seater


Book ID
117332905
Publisher
Elsevier Science
Year
1997
Tongue
English
Weight
511 KB
Volume
54
Category
Article
ISSN
0165-1765

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Direct solution to an optimal control pr
✍ D. G. Kabe; U. L. Gouranga Rao πŸ“‚ Article πŸ“… 1986 πŸ› John Wiley and Sons 🌐 English βš– 198 KB

A direct solution is proposed to an optimal control problem of linear econometric systems with a quadratic welfare loss function when there are linear equality constraints on the control variables. The direct solution proposed here eliminates the problem of non-uniqueness of the optimal solution, wh