Feedback policy rules for government spending: an algorithmic approach

被引：0
|
作者：
Kostarakos I. [1 ]
Kotsios S. [1 ]
机构：
[1] Department of Economics, National and Kapodistrian University of Athens, Sofokleous 1 & Aristeidou 11, Athens
来源：
Journal of Economic Structures | / 6卷 / 1期
关键词：
Algorithmic control; Fiscal policy; Linear feedback control; Public debt;
D O I：
10.1186/s40008-017-0065-z
中图分类号：
学科分类号：
摘要：
We present an algorithmic approach for the design of fiscal policy rules. In particular, using algorithmic feedback control techniques, we design linear feedback policy rules such that predetermined target levels for GDP and public debt are simultaneously, exactly tracked. We run a number of simulations in order to examine the effects of different policy response rates and the overall effectiveness of the proposed methodology. © 2017, The Author(s).
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