Parametric control in macroeconomic policy

2018

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DOI 10.1063/1.5064887
Data confidence 70 medium
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Abstract

A global multi-country macroeconomic model was built in the class of dynamic stochastic general equilibrium models; its parameters were calibrated and estimated. The testing was carried out by various methods of fulfilling the conditions for transferring to practice the results of computational experiments based on the model. Based onthe model, a number of problems of macroeconomic analysis were solved. The parametric control problems aimed at economic growth and suppression of volatility of economic indicators at the levels of individual countries, the Eurasian Economic Union and the world economy were formulated and solved. The obtained solution results of these parametric control problems are considered as recommendations in the area of economic policy at these levels.