Control of linear systems with rational expectations: the case of incomplete information

• Autores: Emilio Cerdá Tena
• Localización: Trabajos de investigación operativa, ISSN 0213-8204, Nº. 7, 1992, págs. 51-61
• Idioma: inglés
• DOI: 10.1007/bf02888256
• Títulos paralelos:
  • Control de sistemas lineales con expectativas racionales: el caso de información incompleta
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• Resumen

  • The problem of optimal control of linear economic systems with rational expectations and quadratic objective function is solved for the case of incomplete information. The case of complete information has been previously studied. In both problems the hypothesis of causality is not satisfied and, therefore, the standard techniques of control theory cannot be directly applied, though the method used is based on these techniques.