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2018 | OriginalPaper | Chapter

5. Estimating the State of Economy Through Observers

Authors : Jeffrey Yi-Lin Forrest, Yirong Ying, Zaiwu Gong, Bohua Yang, Yong Liu, Abdykappar Ashimov, Yuriy Borovskiy

Published in: Currency Wars

Publisher: Springer International Publishing

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Abstract

The reality of an economic system is very complicated. Any efficient regulation of the economy requires constantly updating the knowledge regarding the state of the economic development. However, many aspects of the economy are not easily observable and/or not readily measurable. This chapter addresses the problem of how the policy maker could reliably reconstruct the unobservable and immeasurable state variables of the economy by using various state feedback and output feedback mechanisms.

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Metadata
Title
Estimating the State of Economy Through Observers
Authors
Jeffrey Yi-Lin Forrest
Yirong Ying
Zaiwu Gong
Bohua Yang
Yong Liu
Abdykappar Ashimov
Yuriy Borovskiy
Copyright Year
2018
DOI
https://doi.org/10.1007/978-3-319-67765-1_5