dc.contributor.author |
Krawczyk, Jacek B |
|
dc.contributor.author |
Pharo, Alastair |
|
dc.contributor.author |
Simpson, Mark |
|
dc.date.accessioned |
2011-02-18T00:10:16Z |
|
dc.date.accessioned |
2022-07-05T01:15:40Z |
|
dc.date.available |
2011-02-18T00:10:16Z |
|
dc.date.available |
2022-07-05T01:15:40Z |
|
dc.date.copyright |
2011 |
|
dc.date.issued |
2011 |
|
dc.identifier.uri |
https://ir.wgtn.ac.nz/handle/123456789/18551 |
|
dc.description.abstract |
Maintaining an open economy within certain bounds on inflation, output gap and exchange rate can help sustainable economic development. Macroeconomics proposes monetary-policy models that describe evolution of the above quantities. We use one such model, constituted by a four-metastate one-control system, to compute viability kernel approximations that one can use to assist the central bank to establish "sustainable" policies. We propose a simple heuristic algorithm that leads to kernel approximations for this and similar models. |
en_NZ |
dc.format |
pdf |
en_NZ |
dc.language.iso |
en_NZ |
|
dc.publisher |
Te Herenga Waka—Victoria University of Wellington |
en_NZ |
dc.relation.ispartofseries |
SEF Working paper: 01/2011 |
en_NZ |
dc.rights.uri |
http://www.victoria.ac.nz/sef/ |
|
dc.subject |
monetary policy |
en_NZ |
dc.subject |
viability kernel |
en_NZ |
dc.subject |
algorithm |
en_NZ |
dc.subject |
MATLAB |
en_NZ |
dc.title |
Approximations to viability kernels for sustainable macroeconomic policies |
en_NZ |
dc.type |
Text |
en_NZ |
vuwschema.contributor.unit |
School of Economics and Finance |
en_NZ |
vuwschema.subject.anzsrcfor |
149999 Economics not elsewhere classified |
en_NZ |
vuwschema.subject.marsden |
140102 |
en_NZ |
vuwschema.type.vuw |
Working or Occasional Paper |
en_NZ |
vuwschema.subject.anzsrcforV2 |
389999 Other economics not elsewhere classified |
en_NZ |