Optimizing macroeconomic policy: A review of approaches and applications

Hannele Wallenius

doi:10.1016/0377-2217(82)90219-3

Optimizing macroeconomic policy: A review of approaches and applications

Hannele Wallenius^*

^*Corresponding author for this work

Not published at Aalto University

Research output: Contribution to journal › Article › Scientific › peer-review

10 Citations (Scopus)

Abstract

In this paper the main approaches to optimizing macroeconomic policy problems are reviewed. These include the classical approaches of Tinbergen, Theil and Frisch as well as several mathematical programming methods, such as linear programming, goal programming, interactive multiple criteria optimization, and methods of optimal control. In addition, several applications are described. Finally, the usefullness and suitability of these approaches to solving macroeconomic policy problems in practice is discussed.

Original language	English
Pages (from-to)	221-228
Number of pages	8
Journal	European Journal of Operational Research
Volume	10
Issue number	3
DOIs	https://doi.org/10.1016/0377-2217(82)90219-3
Publication status	Published - 1982
MoE publication type	A1 Journal article-refereed

Access to Document

10.1016/0377-2217(82)90219-3

Link to publication in Scopus

Fingerprint Dive into the research topics of 'Optimizing macroeconomic policy: A review of approaches and applications'. Together they form a unique fingerprint.

Cite this

Wallenius, H. (1982). Optimizing macroeconomic policy: A review of approaches and applications. European Journal of Operational Research, 10(3), 221-228. https://doi.org/10.1016/0377-2217(82)90219-3

@article{de0ae5b525634b9ab7514fd557b116a6,

title = "Optimizing macroeconomic policy: A review of approaches and applications",

abstract = "In this paper the main approaches to optimizing macroeconomic policy problems are reviewed. These include the classical approaches of Tinbergen, Theil and Frisch as well as several mathematical programming methods, such as linear programming, goal programming, interactive multiple criteria optimization, and methods of optimal control. In addition, several applications are described. Finally, the usefullness and suitability of these approaches to solving macroeconomic policy problems in practice is discussed.",

author = "Hannele Wallenius",

year = "1982",

doi = "10.1016/0377-2217(82)90219-3",

language = "English",

volume = "10",

pages = "221--228",

journal = "European Journal of Operational Research",

issn = "0377-2217",

publisher = "Elsevier Science B.V.",

number = "3",

}

TY - JOUR

T1 - Optimizing macroeconomic policy

T2 - A review of approaches and applications

AU - Wallenius, Hannele

PY - 1982

Y1 - 1982

N2 - In this paper the main approaches to optimizing macroeconomic policy problems are reviewed. These include the classical approaches of Tinbergen, Theil and Frisch as well as several mathematical programming methods, such as linear programming, goal programming, interactive multiple criteria optimization, and methods of optimal control. In addition, several applications are described. Finally, the usefullness and suitability of these approaches to solving macroeconomic policy problems in practice is discussed.

AB - In this paper the main approaches to optimizing macroeconomic policy problems are reviewed. These include the classical approaches of Tinbergen, Theil and Frisch as well as several mathematical programming methods, such as linear programming, goal programming, interactive multiple criteria optimization, and methods of optimal control. In addition, several applications are described. Finally, the usefullness and suitability of these approaches to solving macroeconomic policy problems in practice is discussed.

UR - http://www.scopus.com/inward/record.url?scp=49049131910&partnerID=8YFLogxK

U2 - 10.1016/0377-2217(82)90219-3

DO - 10.1016/0377-2217(82)90219-3

M3 - Article

AN - SCOPUS:49049131910

VL - 10

SP - 221

EP - 228

JO - European Journal of Operational Research

JF - European Journal of Operational Research

SN - 0377-2217

IS - 3

ER -