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 This is an Open Access article distributed under a Creative Commons Attribution-NonCommercial 4.0 International License (CC-BY-NC) which permits non commercial use and redistribution, as long as you give appropriate credit, provide a link to the license, and indicate if changes were made.
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June, 2024 II/2024 |
