Feedback Control Techniques for a Discrete Dynamic Macroeconomic Model with Extra Taxation: An Algebraic Algorithmic Approach

Autor: Stelios Kotsios
Jazyk: angličtina
Rok vydání: 2023
Předmět:
Zdroj: Mathematics, Vol 11, Iss 19, p 4213 (2023)
Druh dokumentu: article
ISSN: 2227-7390
DOI: 10.3390/math11194213
Popis: In this paper, a model matching feedback law design technique is applied to a macroeconomical model. We calculate, using computational algebra methodology, which paths of government expenditure and extra taxation will lead the system to a desired dynamic behavior. The solution is based on algebraic methods and the development, in computer algebra software, of appropriate symbolic algorithms that produce a class of feedback laws as solutions. A method for solving a linear algebraic system of polynomials equations is provided, as well as its application to the feedback law design.
Databáze: Directory of Open Access Journals
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