Macroeconomic Analysis and Parametric Control of a Regional Economic Union

This book is a further development of the theory of parametric control. It includes: numerical methods of testing (verification) of software implementation of mathematical models by assessing the stability of mappings defined by the model; sufficient conditions for the existence of the solutions of some types of problems of dynamic optimization; the existence of continuous dependence of optimal values of criteria on exogenous functions and parameters; and the existence of points of bifurcation of extremals of such problems. It demonstrates that this theory offers a constructive methodology for middle-term forecasting, macroeconomic analysis and estimation of optimal values of economic characteristics on the basis of advanced global mathematical models, namely Computable General Equilibrium (CGE) Model, Dynamic Stochastic General Equilibrium (DSGE) Model, and Hybrid Econometric model. In addition, it includes conditions for the applicability of the computational experiments' results, into practice.

Presents a refined framework of parametric control theory that includes new numerical estimation methods of stability of smooth mappings Introduces new applications of parametric control based on the Computable General Equilibrium (CGE), Dynamic Stochastic General Equilibrium (DSGE) and the Hybrid Econometric models Recommends different types of optimal macroeconomic policy at national, economic union and global scale

Autorentext

Abdykappar A. Ashimov is one of the famous scientists in the Republic of Kazakhstan. He is a full member of the Academy of Sciences of the Republic of Kazakhstan. His current research includes the theory of parametric control, theory of automatic control of systems with variable configuration, statistical theory of automatic systems with dynamic pulse frequency modulation, theory of database engineering.
Yuriy V. Borovskiy is a Professor at the Kazakh National Research Technical University in Almaty, Kazakhstan and the Chief Scientist of various projects funded by The Ministry of Education and Science of the Republic of Kazakhstan. He is a member of the International Informatization Academy (Kazakhstan) and recipient of several Best Conference paper awards.
Dmitry A. Novikov is the Director of the Institute of Control Sciences RAS and a Professor and Control Sciences Department Head at the Moscow Institute ofPhysics and Technology. He is an organizer/co-chairman/committee co-chairman of many Control Conferences in Russian Federation.
Bakyt T. Sultanov is employed by the Kazakh National Research Technical University and serves as a consultant on a number of state scientific-technical projects. In addition, he is the Minister of trade and integration of the Republic of Kazakhstan.
Mukhit A. Onalbekov is a Senior Researcher at the Kazakh National Research Technical University. He has experience in Software Development, Stock Market Trading and Asset Management. His research has been presented at several conferences and published in various well-respected journals.

Inhalt
Chapter 1. Parametric Control of Macroeconomic Systems: Basic Components of Theory.- Chapter 2. Macroeconomic Analysis and Parametric Control Based on Global Multi-Country Dynamic Computable General Equilibrium Model (Model 1).- Chapter 3. Macroeconomic Analysis and Parametric Control Based on Global Dynamic Stochastic General Equilibrium Model (Model 2).- Chapter 4. Macroeconomic Analysis and Parametric Control Based on Global Multi-Country Hybrid Econometric Model (Model 3).