How can the preferences of policy makers be operationalised in optimum control problems with macroeconometric models? A case study for Slovenian fiscal policies*
https://doi.org/10.3326/pse.48.2.2 | Published online: June 10, 2024 Graph 1
SLOPOL10 building blocks Table 1
The revealed policy preferences
Table 2
Scenarios including the revealed policy preferences
Table 3
Objective function values for individual target state variables*
* A lower value means less deviation from the “ideal” path. Source: Authors’ own calculations. Table 4
Aggregated objective function values*
* With weights from sc0, thus, sc0 produces the best results. Source: Authors’ own calculations. Graph 2
Growth rate of GDP, % Source: Authors’ own calculations. Graph 3
Budget balance ratio to GDP, % of GDP Graph 4
Public debt, % of GDP Graph 5
Inflation rate, % Graph 6
Government investment, mn. euro Graph 7
Government consumption, mn. euro Graph 1 SLOPOL10 building blocks DISPLAY Graph Table 1 The revealed policy preferences DISPLAY Table Table 2 Scenarios including the revealed policy preferences DISPLAY Table Table 3 Objective function values for individual target state variables* DISPLAY Table Table 4 Aggregated objective function values* DISPLAY Table Graph 2 Growth rate of GDP, % DISPLAY Graph Graph 3 Budget balance ratio to GDP, % of GDP DISPLAY Graph Graph 4 Public debt, % of GDP DISPLAY Graph Graph 5 Inflation rate, % DISPLAY Graph Graph 6 Government investment, mn. euro DISPLAY Graph Graph 7 Government consumption, mn. euro DISPLAY Graph |
June, 2024 II/2024 |
