Titlebook: Economic Modelling at the Bank of England; S. G. B. Henry (Director of Research),K. D. Patter Book 1990 Springer Science+Business Media Do

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S. G. B. Henry (Director of Research),K. D. Patter

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Book 1990Council) macromodelling bureau, should be adequately explained and documented in published form. This volume expands the commitment to make research which is undertaken within the Economics Division of the Bank of England widely available. Included here are chapters which illustrate the breadth of i

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Research Council) macromodelling bureau, should be adequately explained and documented in published form. This volume expands the commitment to make research which is undertaken within the Economics Division of the Bank of England widely available. Included here are chapters which illustrate the breadth of i978-94-010-6674-7978-94-009-0419-4

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Book 1990M Government, whilst at an informal level it is consulted by domestic and overseas institutions for advice on many areas of economic interest. Such advice must be grounded in an understanding of the workings of the domestic and international economy-a task which becomes ever more difficult with the

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Modelling the flow of funds with an application to the demand for liquid assets by the UK personal the provision of financial services initiated either by government legislation (e.g. Financial Services Act 1986) or by marketing considerations (e.g. entry of banks into the home loans market) may also lead to a re-allocation of portfolios and a change in relative interest rates.

幼稚

Optimal control of stochastic non-linear models,at of optimal control (see, for example, Fair (1984) who summarizes a great deal of work in this area or Chow (1975)). However, econometric models are by their very nature stochastic and when they are also non-linear the solution to the deterministic control problem may differ substantially from the solution to the stochastic problem.