GANDOLFO, Giancarlo; PETIT, Maria Luisa - In: Annales d'Economie et de Statistique (1987) 6-7, pp. 311-333
After an introduction to the advantages of continuous time macroeconometric models, the authors briefly illustrate a macroeconometric model of the Italian economy specified as a system of 23 stochastic differential equations and show the application of optimal control techniques (based on...