@inbook{d3fe76e4a30743ba813f13b02fd6057f,
title = "Control approaches to economic modeling: Application to inflation targeting",
abstract = "In this chapter, a control system approach that is based on artificial intelligence is adopted to analyze the inflation targeting strategy. The input/output model is constructed using a multi-layered perceptron network and a closed loop control strategy is adopted using a genetic algorithm to control inflation through the manipulation of interest rates. Given the historical inflation rate data, a control scheme is used to determine the interest rate that is required to attain the given inflation rate. The calculated interest rate is then compared to the historical inflation rate to evaluate the effectiveness of the control strategy.",
author = "Tshilidzi Marwala",
note = "Publisher Copyright: {\textcopyright} Springer-Verlag London 2013.",
year = "2013",
doi = "10.1007/978-1-4471-5010-7_12",
language = "English",
series = "Advanced Information and Knowledge Processing",
publisher = "Springer London",
number = "9781447150091",
pages = "215--231",
booktitle = "Advanced Information and Knowledge Processing",
address = "United Kingdom",
edition = "9781447150091",
}