Background
Murata, Yasuo was born on January 26, 1931 in Osaka, Japan. Son of Masao and Sadae (Morii) Murata.
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book
Optimal Control Methods for Linear Discrete-Time Economic Systems
(As our title reveals, we focus on optimal control methods...)
As our title reveals, we focus on optimal control methods and applications relevant to linear dynamic economic systems in discrete-time variables. We deal only with discrete cases simply because economic data are available in discrete forms, hence realistic economic policies should be established in discrete-time structures. Though many books have been written on optimal control in engineering, we see few on discrete-type optimal control. More over, since economic models take slightly different forms than do engineer ing ones, we need a comprehensive, self-contained treatment of linear optimal control applicable to discrete-time economic systems. The present work is intended to fill this need from the standpoint of contemporary macroeconomic stabilization. The work is organized as follows. In Chapter 1 we demonstrate instru ment instability in an economic stabilization problem and thereby establish the motivation for our departure into the optimal control world. Chapter 2 provides fundamental concepts and propositions for controlling linear deterministic discrete-time systems, together with some economic applica tions and numerical methods. Our optimal control rules are in the form of feedback from known state variables of the preceding period. When state variables are not observable or are accessible only with observation errors, we must obtain appropriate proxies for these variables, which are called "observers" in deterministic cases or "filters" in stochastic circumstances. In Chapters 3 and 4, respectively, Luenberger observers and Kalman filters are discussed, developed, and applied in various directions. Noticing that a separation principle lies between observer (or filter) and controller (cf.
http://www.amazon.com/gp/product/0387907092/?tag=2022091-20
Optimal Control Methods for Linear Discrete-Time Economic Systems
(As our title reveals, we focus on optimal control methods...)
As our title reveals, we focus on optimal control methods and applications relevant to linear dynamic economic systems in discrete-time variables. We deal only with discrete cases simply because economic data are available in discrete forms, hence realistic economic policies should be established in discrete-time structures. Though many books have been written on optimal control in engineering, we see few on discrete-type optimal control. More over, since economic models take slightly different forms than do engineer ing ones, we need a comprehensive, self-contained treatment of linear optimal control applicable to discrete-time economic systems. The present work is intended to fill this need from the standpoint of contemporary macroeconomic stabilization. The work is organized as follows. In Chapter 1 we demonstrate instru ment instability in an economic stabilization problem and thereby establish the motivation for our departure into the optimal control world. Chapter 2 provides fundamental concepts and propositions for controlling linear deterministic discrete-time systems, together with some economic applica tions and numerical methods. Our optimal control rules are in the form of feedback from known state variables of the preceding period. When state variables are not observable or are accessible only with observation errors, we must obtain appropriate proxies for these variables, which are called "observers" in deterministic cases or "filters" in stochastic circumstances. In Chapters 3 and 4, respectively, Luenberger observers and Kalman filters are discussed, developed, and applied in various directions. Noticing that a separation principle lies between observer (or filter) and controller (cf.
http://www.amazon.com/gp/product/1461257395/?tag=2022091-20
Yasuo Murata
Edit ProfileEducation
Bachelor, Kobe U. (Japan), 1953, Master of Arts, 1955, DEcons, 1970. Doctor of Philosophy, Stanford University, 1965. Lecturer, Kobe U. Commerce, 1958-1960, associate professor, 1960-1968, professor, 1968-1971.
Professor Dalhousie University, Halifax, Nova Scoti, Canada, 1971-1974.
Professor economics Nagoya City U. (Japan) 1974-1986.
Career
Lecturer Kobe University Commerce, 1958—1960, associate professor, 1960—1968, professor, 1968—1971, Dalhousie University, Halifax, Canada, 1971—1974. Professor economics Nagoya City University, Japan, 1974—1978. Member editorial board Optimal Control Applications and Methods, 1984—1996.
Achievements
Works
book
-
Optimal Control Methods for Linear Discrete-Time Economic Systems
(As our title reveals, we focus on optimal control methods...)
-
Optimal Control Methods for Linear Discrete-Time Economic Systems
(As our title reveals, we focus on optimal control methods...)
-
Optimal Control Methods for Linear Discrete-Time Economic Systems
Membership
Member of Japan Association Automatic Control, Japan Association Economics and Econometrics (trustee 1980-1995), Econometric Society.
Connections
Married Hiroko Sakurai Murata, February 7, 1960. 1 child Akiko.
