Performance Improvement of Uncertain Macroeconomic Systems

  • George Leitmann
  • Henry Y. WanJr.
Part of the Mathematical Concepts and Methods in Science and Engineering book series (MCSENG)


Two issues dominate the macroeconomic literature on stabilization: (1) Stabilizability: Can the economic system be steered toward a specific target and kept closely on course? (2) Optimizability: Can the stabilization program be designed according to some optimality criterion?


Lyapunov Function Asymptotic Stability Welfare Loss Stabilization Policy Input Uncertainty 
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Copyright information

© Plenum Press, New York 1980

Authors and Affiliations

  • George Leitmann
    • 1
  • Henry Y. WanJr.
    • 2
  1. 1.Department of Mechanical EngineeringUniversity of CaliforniaBerkeleyUSA
  2. 2.Department of EconomicsCornell UniversityIthacaUSA

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