Analysis and Control of Dynamic Economic Systems (Wiley Series in Probability and Statistics - Applied Probability and Statistics Section)

This book presents a set of related techniques for analyzing the properties of dynamic stochastic models in economics and for applying these models in the determination of quantitative economic policy. It also illustrates them with a number of examples and applications. This book is primarily for graduate students and possibly for advanced undergraduates whose backgrounds include a course in econometric methods. Thus a broad enough knowledge of matrix algebra to master the treatment of econometrics.