6533b82cfe1ef96bd128fd66

RESEARCH PRODUCT

A Methodology for Solving the Multiple Criteria Macroeconomic Policy Problem

Hannele WalleniusJyrki Wallenius

subject

MicroeconomicsEconometric modelWork (electrical)Management scienceEconomic sectorEconomicsOptimization methodsMultiple criteriaPreference functionBalance of trade

description

In this paper we review the results of our research on using interactive multiple criteria optimization methods for solving macroeconomic policy problems in Finland. An existing econometric model describing the interrelationships between different variables and sectors of the economy is used. In addition, the current status of the implementation work is reported and some possibilities for future research are discussed.

https://doi.org/10.1007/978-3-642-46464-5_18