This paper studies the optimal control of an input-output model with two sectors where the policy maker controls the level of final demand. It is found that the stationary point is hyperbolic and has a stable manifold of dimension 2. The result is generalized to the case with n sectors. © 1992.
Optimal control of input-output systems via demand management
Sacco P.
1992-01-01
Abstract
This paper studies the optimal control of an input-output model with two sectors where the policy maker controls the level of final demand. It is found that the stationary point is hyperbolic and has a stable manifold of dimension 2. The result is generalized to the case with n sectors. © 1992.File in questo prodotto:
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