economistsview.typepad.com - 11/12/2008
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In many economic problems, feedback loops can be used to optimally control a
system. For example, the inputs to an economic system might be government spending,
taxes, and the federal funds rate, and, given values for these variables the
system will produce outcomes for other variables in ...
ft.com - 11/10/2008
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ft.com —
US President-elect Barack Obama intends to push a
comprehensive programme of social and economic reform beyond an
immediate emergency stimulus package, Rahm Emanuel, the next White House chief of staff, indicated on Sunday. Mr Emanuel brushed aside ...
(more)
Obama set to push ‘big bang’ reform package
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The Deviant Root
Lawrance G. Lux —
... I include this Post from Mark Thoma because every Student should have some understanding of this Issue. A singular Solution to correct one factor will inevitably affect other factors as well, meaning that you obtain an alteration of the Whole; a meaningful result often undesired. The common Solution has been Bang-Bang as Mark identifies; a Solution where modification is completely On, or completely Off. This creates the actual least intrusion to model operation, with the smallest corruption of model desire. There is mathematical substantiation of this form, and enforces the ...
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