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TRADEOFFS OF AUSTRIAN BUDGETARY POLICIES: AN OPTIMUM CONTROL ANALYSIS
by
Reinhard Neck
,
Harald Stieber
BibTeX
@MISC{Neck_tradeoffsof,
author = {Reinhard Neck and Harald Stieber},
title = {TRADEOFFS OF AUSTRIAN BUDGETARY POLICIES: AN OPTIMUM CONTROL ANALYSIS},
year = {}
}
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Abstract
Abstract: In this paper, we use optimum control methods to determine optimal budgetary policies for Austria over a five-year horizon. Optimal fiscal policies are calculated using the algorithm OPTCON. Optimal policies are compared to a simulation using extrapolated values of budgetary policy variables in terms of their performance with respect to Austrian macroeconomic targets. Policy tradeoffs between these variables are quantified.
