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2020 | OriginalPaper | Chapter

1. Parametric Control of Macroeconomic Systems: Basic Components of Theory

Authors : Abdykappar A. Ashimov, Yuriy V. Borovskiy, Dmitry A. Novikov, Bakyt T. Sultanov, Mukhit A. Onalbekov

Published in: Macroeconomic Analysis and Parametric Control of a Regional Economic Union

Publisher: Springer International Publishing

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Abstract

As is well-known [1, 6, 12], the applicability of computer simulations with mathematical models to real systems is connected with the sensitivity of simulation results based on such a model to its small changes (in some sense) or to small changes of its exogenous variables. For example, a small change of an autonomous dynamic model can be represented as a small variation of a corresponding vector field (continuous-time systems) or of an invertible mapping (discrete-time systems); a small change of an arbitrary mathematical model can be represented as a small variation of the mappings defined by it.

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next chapter Macroeconomic Analysis and Parametric Control Based on Global Multi-country Dynamic Computable General Equilibrium Model (Model 1)
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Metadata
Title
Parametric Control of Macroeconomic Systems: Basic Components of Theory
Authors
Abdykappar A. Ashimov
Yuriy V. Borovskiy
Dmitry A. Novikov
Bakyt T. Sultanov
Mukhit A. Onalbekov
Copyright Year
2020
Book
Macroeconomic Analysis and Parametric Control of a Regional Economic Union

Print ISBN: 978-3-030-32204-5

Electronic ISBN: 978-3-030-32205-2

Copyright Year: 2020

DOI
https://doi.org/10.1007/978-3-030-32205-2_1