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Michael Stoff, Director 305 East 23rd St, CLA 2.102, (G3600) Austin, TX 78712-1250 • 512-471-1442

David A Kendrick

Professor Ph.D., Massachusetts Institute of Technology

David A Kendrick

Contact

S S 301 • Hon Soc Sci: Macroeconomics

43300 • Fall 2014
Meets MWF 200pm-300pm UTC 1.116
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This course provides an introduction to macroeconomics in a political economy setting. The course begins by addressing the traditional goals of macroeconomics policy, such as low unemployment and inflation, and then turns to discussion of policies that can be used to achieve them, such as taxes, expenditures, and interest rate changes. The third part of the course then links the policy tools to the goals through consumption, investment, wages, and prices.

The style of teaching is Socratic with considerable emphasis on understanding macroeconomics in the context of the economic problems experienced in the U.S. since World War II. Yet by this method students are expected to gain an understanding of macroeconomic theory at the level usually required of sophomore level economics students.

Finally, there is a course paper to permit students to develop their own ideas about an economic problem of interest. Some use of computer models will also augment our learning.

Texts/Readings:

David A. Kendrick, Goals and Policies for the Economy (mimeo)

Robert E. Hall and David H. Papell, Macroeconomics: Economic Growth, Fluctuations, and Policy

Paul Krugman, Peddling Prosperity

Assignments:

Two one-hour exams:           44%

Some exercises:                   13%

Term paper:                         15%

Final exam:                          28%

About the Professor:

David Kendrick, Sen. Ralph Yarborough Centennial Professor of Liberal Arts, has been teaching macroeconomics to Plan II students since 1988. His specialties are macroeconomics and computational economics.  Professor Kendrick holds a doctorate from M.I.T. and was the winner of a President's Associates Teaching Award in 1991-92. He has published nine books.

S S 301 • Hon Soc Sci: Macroeconomics

43340 • Fall 2013
Meets MWF 200pm-300pm UTC 3.134
show description

This course provides an introduction to macroeconomics in a political economy setting. The course begins by addressing the traditional goals of macroeconomics policy, such as low unemployment and inflation, and then turns to discussion of policies that can be used to achieve them, such as taxes, expenditures, and interest rate changes. The third part of the course then links the policy tools to the goals through consumption, investment, wages, and prices.

The style of teaching is Socratic with considerable emphasis on understanding macroeconomics in the context of the economic problems experienced in the U.S. since World War II. Yet by this method students are expected to gain an understanding of macroeconomic theory at the level usually required of sophomore level economics students.

Finally, there is a course paper to permit students to develop their own ideas about an economic problem of interest. Some use of computer models will also augment our learning.

Texts/Readings:

David A. Kendrick, Goals and Policies for the Economy (mimeo)

Robert E. Hall and David H. Papell, Macroeconomics: Economic Growth, Fluctuations, and Policy

Paul Krugman, Peddling Prosperity

Assignments:

Two one-hour exams:           44%

Some exercises:                   13%

Term paper:                         15%

Final exam:                          28%

About the Professor:

David Kendrick, Sen. Ralph Yarborough Centennial Professor of Liberal Arts, has been teaching macroeconomics to Plan II students since 1988. His specialties are macroeconomics and computational economics.  Professor Kendrick holds a doctorate from M.I.T. and was the winner of a President's Associates Teaching Award in 1991-92. He has published nine books.

S S 301 • Hon Soc Sci: Macroeconomics

42865 • Fall 2012
Meets MWF 200pm-300pm UTC 3.134
show description

This course provides an introduction to macroeconomics in a political economy setting. The course begins by addressing the traditional goals of macroeconomics policy, such as low unemployment and inflation, and then turns to discussion of policies that can be used to achieve them, such as taxes, expenditures, and interest rate changes. The third part of the course then links the policy tools to the goals through consumption, investment, wages, and prices.

The style of teaching is Socratic with considerable emphasis on understanding macroeconomics in the context of the economic problems experienced in the U.S. since World War II. Yet by this method students are expected to gain an understanding of macroeconomic theory at the level usually required of sophomore level economics students.

Finally, there is a course paper to permit students to develop their own ideas about an economic problem of interest. Some use of computer models will also augment our learning.

Texts/Readings:

David A. Kendrick, Goals and Policies for the Economy (mimeo)

Robert E. Hall and David H. Papell, Macroeconomics: Economic Growth, Fluctuations, and Policy

Paul Krugman, Peddling Prosperity

Assignments:

Two one-hour exams:           44%

Some exercises:                   13%

Term paper:                         15%

Final exam:                          28%

About the Professor:

David Kendrick, Sen. Ralph Yarborough Centennial Professor of Liberal Arts, has been teaching macroeconomics to Plan II students since 1988. His specialties are macroeconomics and computational economics.  Professor Kendrick holds a doctorate from M.I.T. and was the winner of a President's Associates Teaching Award in 1991-92. He has published nine books.

S S 301 • Hon Soc Sci: Macroeconomics

42755 • Fall 2011
Meets MWF 200pm-300pm UTC 3.134
show description

Description:

This course provides an introduction to macroeconomics in a political economy setting. The course begins by addressing the traditional goals of macroeconomics policy, such as low unemployment and inflation, and then turns to discussion of policies that can be used to achieve them, such as taxes, expenditures, and interest rate changes. The third part of the course then links the policy tools to the goals through consumption, investment, wages, and prices.The style of teaching is Socratic with considerable emphasis on understanding macroeconomics in the context of the economic problems experienced in the U.S. since World War II. Yet by this method students are expected to gain an understanding of macroeconomic theory at the level usually required of sophomore level economics students.Finally, there is a course paper to permit students to develop their own ideas about an economic problem of interest. Some use of computer models will also augment our learning.

Texts/Readings:

David A. Kendrick, Goals and Policies for the Economy (mimeo)

Robert E. Hall and David H. Papell, Macroeconomics: Economic Growth, Fluctuations, and Policy

Paul Krugman, Peddling Prosperity

Assignments:Two one-hour exams:        44%

Some exercises:        13%

Term paper:            15%

Final exam:            28%

About the Professor

David Kendrick, Sen. Ralph Yarborough Centennial Professor of Liberal Arts, has been teaching macroeconomics to Plan II students since 1988. His specialties are macroeconomics and computational economics.  Professor Kendrick holds a doctorate from M.I.T. and was the winner of a President's Associates Teaching Award in 1991-92. He has published eight books.

S S 301 • Hon Soc Sci: Economics

43640 • Fall 2009
Meets MWF 200pm-300pm UTC 3.122
show description

Reading List
Social Science 301
Plan II Macroeconomics
Fall 2009
David Kendrick



Office Hours (David Kendrick): Mon Wed 1 pm Fri 11 am      BRB 3.134E
Office Hours (TA) to be announced.

This course provides an introduction to macroeconomics for Plan II students.   The focus is on both the economics and the politics of the subject.    Also, mathematical and computational models are used in the class.   The textbook is by Hall and Papell and also readings from a book by Krugman are used.  In addition class notes are provided.

There are two hour exams and a comprehensive final and an optional paper.

TEXTS

1.  Kendrick, David A. (DK), Goals and Policies for the Economy, mimeo, Department of Economics, The University of Texas, Austin, Texas, August 2009. (Available at University Duplicating Service in GSB 3.136). 

2.  Hall, Robert E. and David H. Papell (HP), Macroeconomics: Economic Growth, Fluctuations and Policy, Sixth Edition, W. W. Norton & Company, New York, 2005.

3.  Krugman, Paul (PK), Peddling Prosperity, W. W. Norton and Co., New York, 1994.


WEB SITES
1.    www.wwnorton.com/web/macrosolve
2.    www.dismal.com
3.    www.msnbc.com
4.    www.nytimes.com


OPTIONAL TEXT

1.  Culver, Sarah and David H. Papell, Hall and Papell's Macro Economics Study Guide, Sixth Edition, 2005, W. W. Norton and Company.  (This is not required but you may find it a useful aid when reading Hall and Papell.)


 

SCHEDULE

                                                             Lectures              Read                    Discuss
                                                                            Goals &         Hall & Papell            Hall &
                         Policies                     Papell
  I. GOALS
    Aug    28    Low Unemployment     1, 2              1
        31    Low Inflation    3        2       
    Sept    2    Balance of Payments    4        3   
        4    Discuss Hall and Papell                1, 2
        9    Growth    5        4, 5
        11    Discuss HP                3, 4, 5
        14    Income Dist    6        6       
        16    Government Deficit    7        7       
        18    Discuss HP                6, 7

 II. CONTROLS   
        21    Government Spending    8           
        23    First Hour Exam                   
        25    Taxes    9       
        28    Money Supply    10           
        30    Prices and Wages    11       
    Oct    2    Lecture on HP Ch 8            8    8
        5    Lecture on HP Ch 9            9    9
        7    Discuss Krugman Ch 1                   
        9    Krugman Ch 2       
        12    Krugman Ch 3 and 4           
        14    Foreign Trade    12        10       
        16    Discuss HP                10   

 

                                                                Lectures        Study               Discuss
                                                                   Goals        Hall & Papell       Hall &
                                                     Papell
III.      RELATIONSHIPS BETWEEN CONTROLS AND GOALS
    Oct    19    Consumption    13, 14
        21    Investment    15           
        23    Interest Rates    16               
        26    Krugman Ch 5 and 6            11
        28    Krugman Ch 7 and 8            12
        30    Debate
    Nov    2    Discuss HP                                          11, 12
        4    Second Hour Exam
        6    Prices    17
        9    Wages    18        13
        9    Labor    19       
        11    Trade    20        14
        13    Discuss HP                 13, 14
        13    Complete Model    21       
        16    US Empirical Model
        18    Parasuk Model            15
        20    Parasuk Model
        23    Discuss HP                                                 15
            Term Papers Due
        25    Krugman Ch. 9
        27    Thanksgiving Holiday
        30    Discuss HP            16    16   
    Dec    2    Krugman Ch 10            17   
        4    Discuss HP            18    17, 18
        9    Final Exam

Dec 9     Final Exam - The final exam is on a Wednesday early in the exam period, is comprehensive and is required.   If you will have to leave Austin before Wednesday Dec 9, then you should not take this course.
                   
 
The University has a new policy which permits the assignment of plus and minus grades in undergraduate classes.  I plan to make use of that option this fall. 

GRADES - Without Term Paper

        First Hour Exam    29%
        Second Hour Exam    32%
        Debate Paper    4%
        Final Exam    35%

        Total               100%


An optional six-page term paper will be due on Monday Nov. 23.  If you write the paper then your grade will be calculated with the weighting system given below.  The optional paper should be about six pages long and should be more like a research paper than a newspaper editorial.   It should include references and discuss the pros and cons of the issue at hand.  It should conclude with your opinions on what should be done – provided that is appropriate to the nature of the paper.

GRADES - With Term Paper

        First Hour Exam    24%
        Second Hour Exam    26%
        Debate Paper    4%
        Term Paper    15%
        Final Exam    31%

        Total    100%

Attendance is not directly used in determining the class grade, though it will affect your ability to perform on the exams and the value added you take away from the course.

I will make myself available to discuss appropriate academic accommodations that you may require as a student with a disability.  Also students with disabilities may request appropriate academic accommodations from the Division of Diversity and Community Engagement, Services for Students with Disabilities, 471-6259.

Research

Control Theory

BOOKS

Stochastic Control for Economic Models, McGraw Hill Book Company, New York, 1981.  Second Edition, 2002, available online here.

ARTICLES

“Stochastic Control for Economic Models: Past, Present and the Paths Ahead”, Journal of Economic Dynamics and Control, Vol. 29, pp. 3-30, 2005.

“A Classification System for Economic Stochastic Control Models” with Hans M. Amman, Computational Economics, Vol. 27, pp. 453-482, 2006.  Published online on 25 May 2006 at http://dx.doi.org/10.1007/s10614-005-9000-8

“Solving the Beck and Wieland Model with Optimal Experimentation in DualPC” with Hans M. Amman and Marco P. Tucci, Automatica, Vol. 44, 2008, pp. 1504-1510.

“Duali: Software for Solving Stochastic Control Problems in Economics”, with Marco P. Tucci and Hans M. Amman, chapter in Erricos J. Kontoghiorghes, Berc Rustem and Peter Winker (eds) Computational Methods in Financial Engineering: Essays in Honor of Manfred Gilli, Springer-Verlag, Berlin, 2008, pp. 393-419.

“The Parameter Set in an Adaptive Control Monte Carlo Experiment: Some Considerations” with Marco P. Tucci and Hans M. Amman, forthcoming in the Journal of Economic Dynamics and Control.

Macroeconomics

BOOKS

Feedback: A New Framework for Macroeconomic Policy, Kluwer Publishing Company, Dordrecht, Holland, 1988.  (Japanese language edition to be published in 1989 by Koyo Shobo Publishers Ltd.)

ARTICLES

"Should Macroeconomic Policy Makers Consider Parameter Covariances", with Hans M. Amman, Computational Economics, Vol. 14, No. 3, December 1999, pp. 263-267.

"Linear Quadratic Optimization for Models with Rational Expectations", with Hans M. Amman, Macroeconomic Dynamics, (1999) Vol. 3, No. 4, p. 534-543.

"Stochastic Policy Design in a Learning Environment with Rational Expectations", with Hans M. Amman, Journal of Optimization Theory and Applications, Vol. 105, No. 3, pp. 509-520, June 2000.

“Caution in Macroeconomic Policy: Uncertainty and the Relative Intensity of Policy” with P. Ruben Mercado, Economics Letters, Vol. 68, Issue 1, pp. 37-41, 2000.

“Mitigation of the Lucas Critique with Stochastic Control Methods” with Hans M. Amman, Journal of Economic Dynamics and Control, Vol. 27, pp. 2035-2057, 2003.

“Parameter Uncertainty and Policy Intensity: Some Extensions and Suggestions for Further Work” with P. Ruben Mercado, Computational Economics, Vol 27, pp. 483-496, 2006. Published online on 25 May 2006 at http://dx.doi.org/10.1007/s10614-005-9006-2

Computational Economics

BOOKS

Frontiers in Quantitative Economics, Vol. II, (ed with Michael Intriligator), North Holland Publishing Company, Amsterdam, 1974.

GAMS: Release 2.25: A Users Guide:  (with Anthony Brooke and Alexander Meeraus) Scientific Press Series, Boyd and Fraser Publishing Co., Danvers, MA 01923, 1992.   Also available online at http://www.gams.com.

Models for Analyzing Comparative Advantage, Kluwer Academic Publishers, Dordrecht, Holland, 1989.

Handbook of Computational Economics, (ed with Hans Amman and John Rust), North-Holland Publishing Company, Amsterdam, 1996.  Mandarin Chinese edition forthcoming in 2001 from Economic Science Press of Beijing, China.

Computational Economics, (with P. Ruben Mercado and Hans M. Amman), Princeton University Press, 2006, Princeton, NJ.

ARTICLES

"Programming Languages in Economics", with Hans M. Amman, Computational Economics, Vol. 14, Nos 1-2, October 1999, pp. 151-181.

“Computational Economics: Help for the Underestimated Undergraduate” with P. Ruben Mercado and Hans M. Amman, Computational Economics, Vol. 27, pp. 261-271, 2006.

“Teaching Computational Economics to Graduate Students”, Computational Economics, Vol. 30, No. 4, November 2007, pp. 381-391.

The Duali/Dualpc Software for Optimal Control Models: User's Guide with Hans Amman.

Duali/Dualpc Software, executable download 

Microeconomics

BOOKS

Programming Investment in the Process Industries, The MIT Press, Cambridge, MA, 1967.

Notes and Problems in Microeconomic Theory, (with Sam Bowles).  Markham Publishing Company, Chicago, Illinois, 1970.

The Planning of Industrial Programs: A Methodology, (with Ardy Stoutjesdijk).  Johns Hopkins University Press, Baltimore, Maryland, 1978.

Notes and Problems in Microeconomic Theory, (with Peter Dixon and Sam Bowles), North Holland Publishing Company, Amsterdam, 1980.

La Programmation des Investissements Industriels, (with Armeane Choksi, Alexander Meeraus, and Ardy J. Stoutjesdijk), Economica, Paris, 1980.

The Planning of Investment Programs in the Steel Industry, (with Alexander Meeraus and Jaime Alatorre), The Johns Hopkins University Press, Baltimore, 1984.

ARTICLES

Other

Books

Programming Investment in the Process Industries

Programming Investment in the Process Industries, The MIT Press, Cambridge, MA, 1967.

Notes and Problems in Microeconomic Theory

(with Sam Bowles)  Markham Publishing Company, Chicago, Illinois, 1970

Frontiers in Quantitative Economics, Vol. II

(ed with Michael Intriligator) North Holland Publishing Company, Amsterdam, 1974

The Planning of Industrial Programs: A Methodology

(with Peter Dixon and Sam Bowles) North Holland Publishing Company, Amsterdam, 1980

Notes and Problems in Microeconomic Theory

(with Peter Dixon and Sam Bowles) North Holland Publishing Company, Amsterdam, 1980

La Programmation des Investissements Industriels

(with Armeane Choksi, Alexander Meeraus, and Ardy J. Stoutjesdijk) Economica, Paris, 1980

Stochastic Control for Economic Models

McGraw Hill Book Company, New York, 1981.  Second Edition, 2002, available online from the author’s web site.

The Planning of Investment Programs in the Steel Industry

(with Alexander Meeraus and Jaime Alatorre) The Johns Hopkins University Press, Baltimore, 1984

Feedback: A New Framework for Macroeconomic Policy

Kluwer Publishing Company, Dordrecht, Holland, 1988.  (Japanese language edition to be published in 1989 by Koyo Shobo Publishers Ltd.)

GAMS: Release 2.25: A Users Guide

(with Anthony Brooke and Alexander Meeraus) Scientific Press Series, Boyd and Fraser Publishing Co., Danvers, MA 01923, 1992

Also available online at http://www.gams.com

Models for Analyzing Comparative Advantage

Kluwer Academic Publishers, Dordrecht, Holland, 1989

Handbook of Computational Economics

(ed with Hans Amman and John Rust) North-Holland Publishing Company, Amsterdam, 1996.  Mandarin Chinese edition forthcoming in 2001 from Economic Science Press of Beijing, China

Computational Economics

(with P. Ruben Mercado and Hans M. Amman) Princeton University Press, 2006, Princeton, NJ

Articles

Investment Planning and Economic Integration

The Economics of Planning, Vol. 7, No. 1, 1967, pp. 48-72

A Branch and Bound Algorithm for Zero-One Mixed Integer Programming Problems

(with R. Davis and M. Weitzman), Operations Research, Vol. 19, No. 4, 1971, pp. 1036-1044.

A Dynamic Nonlinear Planning Model for Korea

(with Lance Taylor), Practical Approaches to Development Planning by Irma Adelman (ed.), John Hopkins University Press, Baltimore, Maryland, 1969, pp. 213-240.

Numerical Methods and Nonlinear Planning Models

(with Lance Taylor), Econometrica, May 1970, pp. 453-467

Introduction to Part I

(with Arthur MacEwan), in Studies in Development Planning by Hollis Chenery (ed.), Harvard University Press, Cambridge, Mass, 1971, pp. 7-10.

Numerical Methods and Nonlinear Optimizing Models for Economic Planning

(with Lance Taylor), in Studies in Development Planning by Hollis Chenery (ed.), Harvard University Press, Cambridge, Mass, 1971, pp. 11-28.

Systems Problems in Economic Development

Economic Analysis of Engineering and Social Systems by J. Morley English (ed.), John Wiley and Sons, New York, 1972, pp. 183-234.

Mathematical Methods for Regional Planning

Regional and Urban Economics, Vol. 1, No. 3, 1971.

Optimal Operations of a System of Waste Water Treatment Facilities

(with H. S. Rao and C. H. Wells), Proceedings of the 1970 IEEE Symposium on Adaptive Processes Decision and Control, University of Texas at Austin, 1970, pp. XII.3.1 thru XII.3.5.

On the Leontief Dynamic Inverse

Quarterly Journal of Economics, Vol. LXXXVI, November 1972, pp. 693-696.

Numerical Methods for Urban Planning

Swedish Journal of Economics, Vol. 74, 1972, pp. 45-67.

Stochastic Control with Uncertain Macroeconomic Parameters

(with Joe Majors), Automatica, Vol. 10, Number 6, December 1974, pp. 587-593.

Feedback Control Rule for Cocoa Market Stabilization

(with Han Kim and Louis Goreux) in Quantitative Models of Commodity Markets, by Walter C. Labys (ed.), Ballinger Books, Inc., Cambridge, Massachusetts, 1975, pp. 233-264.

Control Theory and Economics

(with M. Athans), IEEE Transactions on Automatic Control, Vol. AC-19, No. 5, pp 518-523, 1974.

Applications of Control Theory to Macroeconomics

Annals of Economic and Social Measurement, Vol. 5, No. 2, Spring, 1976, pp. 171-190.

Non-Convexities from Probing in Adaptive Control Problems,"

Journal of Economic Letters, Vol. 1, pp. 347-351, 1978.

Adaptive Control of Macroeconomic Models with Measurement Error

in Optimal Control of Econometric Models:  An Approach to Economic Policy Formation, by Holly, S., B. Rustem, and M. B. Zarrop (eds.), MacMillian Publishing Co., New York, New York, 1979, pp. 204-227.

Control Theory: With Applications to Economics

Chapter 4 in Kenneth J. Arrow and Michael D. Intriligator (eds.) Handbook of Mathematical Economics, North Holland Publishing Co., Amsterdam, The Netherlands, 1981.

Some Properties of the Dual Adaptive Stochastic Control Algorithm

(with Pierre L. Dersin and Michael Athans), IEEE Transactions on Automatic Control, Vol. AC-26, No. 5, October 1981, pp. 1001-1008.

Caution and Probing in a Macroeconomic Model

Journal of Economic Dynamics and Control, Vol. 4, No. 2, pp. 149-170, 1982.

A Relational Database for the U.S. Economy

in Charles Kindleberger and Guido di Tella (eds.), Vol. III of Economics in the Long View:  Essays in Honor of W. W. Rostow, MacMillian, London, 1982.

Stochastic Control and Uncertainty in Dynamic Economic Systems

Chapter IX in M. Hazewinkel and A.H.G. Rinnooy Kan (eds), Current Developments in the Interface: Economics, Econometrics, Mathematics, D. Reidel Publishing Company, Dordrecht, Holland, 1982.

Style in Multisectoral Modeling

Hughes Hallet, A. J. (ed), Applied Decision Analysis and Economic Behavior, Martinus Nijhoff Publishers, Dordrecht, 1984, pp. 329-360.

A Mathematical-Computer Language for Linear Programming Problems

in T. Basar and L. F. Pau (eds), Dynamic Modelling and Control of National Economies, Pergamon Press Ltd., Oxford, United Kingdom, 1984, pp. 233-240.

Controllo Stocastico con Apprendimento Passivo e Modelli Economici

Rivista Internaxionale di Scienze Sociali, Vol. XCII, Jan-Mar 1984, pp. 66-73.

The Tradeoff Between Economies of Scale and Reliability in the Electric Power Industry

(with Kwang Ha Kang), Journal of Economic Development, Vol. 10, No. 1, July 1985, pp. 47-62.

Software for Economic Optimal Control Models

forthcoming in Sartore, D. and C. Carraro (eds.), Developments of Control Theory for Economic Analysis, Martinus Nijhoff Publishers, Dordrecht, 1986.

A Knowledge-Based System for Production and Distribution Economics

(with Ramayya Krishnan and Ronald M. Lee), Computer Science in Economics and Management, Vol. 1, No. 1, pp. 53-72, 1988.

A Production Model Construction System: Math Programming to Structured Modeling

in L. F. Pau, J. Motiwalla, Y. H. Pao and H. H. Teh (eds), Expert Systems in Economics, Banking and Management, Elsevier Science Publishers B.V. (North Holland), Amsterdam, The Netherlands, 1989.

A Comparison of Structured Modeling and GAMS

(with Ramayya Krishnan) Computer Science in Economics and Management 2 (1989), 17.

A Production Model Construction System: PM Statement to Math Programming

Journal of Economic Dynamics and Control, Vol. 14, No. 2, May 1990, pp. 219-236.

Parallel Model Representations

Expert Systems with Applications, Vol. 1, No. 4, 1990, pp. 383-389.

A Graphical Interface for Production and Transportation System Modeling: PTS

Computer Science in Economics and Management, Vol 4, pp 229-236, 1991.

Parallel Processing for Large Scale Nonlinear Control Experiments in Economics",

(with Hans Amman), The International Journal of Supercomputer Applications, Vol. 5, No. 1, Spring 1991, pp. 90-95.

Uncertainty in Dynamic Macroeconomics: A Computational Challenge

in Billingsley, Keith R., Hilton U. Brown III and Ed Derohanes (eds), Scientific Excellence in Supercomputing, The IBM 1990 Contest Prize Papers, Ch. 21, pp. 687-704, The Baldwin Press, The University of Georgia, Athens, Georgia, 1992.

Oil Refinery Modeling with the GAMS Language

(with Alexander Meeraus and Jung Sun Suh), Ch. 40 in Shri Bhagwan Dahiya (ed), Theoretical Foundations of Development Planning, Concept Publishing Co., New Delhi, India, 1992.

Research Opportunities in Computational Economics

(editor), Computational Economics, Vol. 6, No. 3-4, November 1993, pp. 257-314.

Forward Looking Behavior and Learning in Stochastic Control

with Hans Amman, The International Journal of Supercomputer Applications, Vol. 7, No. 3, Fall 1993, pp. 201-211.

Computational Approaches to Learning with Control Theory

in D. Belsley (ed), Computational Techniques for Econometric and Economic Analysis, Kluwer Academic Publishers, Dordrecht, The Netherlands, pp. 75-88, 1994.

Active Learning: Monte Carlo Results

with Hans Amman, Journal of Economic Dynamics and Control, Vol. 18, No. 1, 1994, pp. 119-124.

Nonconvexities in Stochastic Control Models: An Analysis

with Hans M. Amman, in W. W. Cooper and A. B. Whinston (eds), New Directions in Computational Economics, 1994, Kluwer Academic Publishers, Dordrecht, The Netherlands, pp. 57-94.

Solving Stochastic Optimization Models with Learning and Rational Expectations

with Hans Amman and Sudhakar Achath, Economics Letters, Vol. 48, No. 1, April, 1995, pp. 9-13.

Ten Wishes

Computational Economics, Vol. 8, No. 1, February 1995, pp. 67-80.

Nonconvexities in Stochastic Control Models

with Hans Amman, International Economic Review, Vol. 36, No. 2, May 1995, pp. 455-475.

An Analytical/Numerical Method for Solving Adaptive Control Models which Include Forward Looking Variables

with Sudhakar Achath and Hans Amman, a chapter in N.S.S. Narayana and Anindya Sen (eds) Poverty Environment and Economic Development, Festschrift for Kirit S. Parikh, Interline Publishing, Bangalore, India, 1995, pp. 293-340.

Sectoral Economics

Ch. 6 in Handbook of Computational Economics edited by Hans Amman, David Kendrick and John Rust, 1996.

Forward Looking Variables in Deterministic Control

with Hans M. Amman, Annals of Operations Research, Vol. 68, 1996, pp. 141-159.

The Duali/Dualpc Software for Optimal Control Models: Introduction

with Hans M. Amman, in Hans Amman, Berc Rustem and Andrew Whinston, Computational Approaches to Economic Problems, Kluwer Academic Publishers, Dordrecht, Holland, pp. 363-372, 1997.

Erratum to 'Active Learning: Monte Carlo Results'

Journal of Economic Dynamics and Control, Vol. 21, No. 10, August 1997, pp. 1613-4.

Teaching Macroeconomics with GAMS

with P. Ruben Mercado and Hans M. Amman, Computational Economics, Vol. 12, No. 2, pp. 125-149, 1998.

Computing the Steady State of Linear Quadratic Optimization Models with Rational Expectations

with Hans M. Amman, Economics Letters, Vol. 58, No. 2, pp. 185-191, 1998.

Programming Languages in Economics

with Hans M. Amman, Computational Economics, Vol. 14, Nos 1-2, October 1999, pp. 151-181.

Computational Methods for Macro Policy Analysis: Hall and Taylor's Model in Duali

with P. Ruben Mercado, in A. Hughes Hallett and P. McAdam (eds), Analysis in Macroeconomic Modelling, Kluwer Academic Publishers, Boston and Dordrecht, Ch. 8, pp. 179-206, 1999.

Should Macroeconomic Policy Makers Consider Parameter Covariances

with Hans M. Amman, Computational Economics, Vol. 14, No. 3, December 1999, pp. 263-267.

Linear Quadratic Optimization for Models with Rational Expectations

with Hans M. Amman, Macroeconomic Dynamics, (1999) Vol. 3, No. 4, p. 534-543.

Matrix Methods for Solving Nonlinear Dynamic Optimization Models

with Hans M. Amman, in R. J. Heijmans, D.S.G. Pollock and A. Satorra (eds), Innovations in Multivariate Statistical Analysis: A Festschrift for Heinz Neudecker, Kluwer Academic Publishers, Dordrecht, The Netherlands, 2000, Chapter 19, pp. 257-276.

Stochastic Policy Design in a Learning Environment with Rational Expectations

with Hans M. Amman, Journal of Optimization Theory and Applications, Vol. 105, No. 3, pp. 509-520, June 2000.

Caution in Macroeconomic Policy: Uncertainty and the Relative Intensity of Policy

with P. Ruben Mercado, Economics Letters, Vol. 68, Issue 1, pp. 37-41, 2000.

Modeling Economic Growth with GAMS” with P. Ruben Mercado and Lihui Lin

chapter in Amitava Krishna Dutt and Jaime Rios (eds) (2003), Development Economics and Structuralist Macroeconomics: Essays in Honor of Lance Taylor, Edward Elgar Publishing, Cheltenham, UK.

Mitigation of the Lucas Critique with Stochastic Control Methods

with Hans M. Amman, Journal of Economic Dynamics and Control, Vol. 27, pp. 2035-2057, 2003.

Stochastic Control for Economic Models: Past, Present and the Paths Ahead

Journal of Economic Dynamics and Control, Vol. 29, pp. 3-30, 2005.

Computational Economics: Help for the Underestimated Undergraduate

with P. Ruben Mercado and Hans M. Amman, Computational Economics, Vol. 27, pp. 261-271, 2006.

A Classification System for Economic Stochastic Control Models

with Hans M. Amman, Computational Economics, Vol. 27, pp. 453-482, 2006.  Published online on 25 May 2006 at http://dx.doi.org/10.1007/s10614-005-9000-8

Parameter Uncertainty and Policy Intensity: Some Extensions and Suggestions for Further Work

with P. Ruben Mercado, Computational Economics, Vol 27, pp. 483-496, 2006. Published online on 25 May 2006 at http://dx.doi.org/10.1007/s10614-005-9006-2

Teaching Computational Economics to Graduate Students

Computational Economics, Vol. 30, No. 4, November 2007, pp. 381-391.

Solving the Beck and Wieland Model with Optimal Experimentation in DualPC

with Hans M. Amman and Marco P. Tucci, Automatica, Vol. 44, 2008, pp. 1504-1510.

Duali: Software for Solving Stochastic Control Problems in Economics

with Marco P. Tucci and Hans M. Amman, chapter in Erricos J. Kontoghiorghes, Berc Rustem and Peter Winker (eds) Computational Methods in Financial Engineering: Essays in Honor of Manfred Gilli, Springer-Verlag, Berlin, 2008, pp. 393-419.

The Parameter Set in an Adaptive Control Monte Carlo Experiment: Some Considerations

with Marco P. Tucci and Hans M. Amman, Journal of Economic Dynamics and Control, Vol. 34, Issue 9, pp. 1531-1549, 2010.

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