Control of linear systems with rational expectationsthe case of incomplete information
ISSN: 0213-8204
Year of publication: 1992
Issue: 7
Pages: 51-61
Type: Article
More publications in: Trabajos de investigación operativa
Abstract
The problem of optimal control of linear economic systems with rational expectations and quadratic objective function is solved for the case of incomplete information. The case of complete information has been previously studied. In both problems the hypothesis of causality is not satisfied and, therefore, the standard techniques of control theory cannot be directly applied, though the method used is based on these techniques.