scholarly journals Policy evaluation and design for continuous time linear rational expectations models: some recent development

10.3386/t0034 ◽  
1984 ◽  
Author(s):  
Willem Buiter
2014 ◽  
Vol 24 (3) ◽  
pp. 289-297
Author(s):  
Tadeusz Kaczorek

Abstract A new method is proposed of design of regular positive and asymptotically stable descriptor systems by the use of state-feedbacks for descriptor continuous-time linear systems with singular pencils. The method is based on the reduction of the descriptor system by elementary row and column operations to special form. A procedure for the design of the state-feedbacks gain matrix is presented and illustrated by a numerical example


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