Artha Vijnana: Journal of The Gokhale Institute of Politics and Economics

Abhay Pethe ¹, Sudesh Mujumdar ¹

Affiliations
1 Department of Economics, University of Bombay, Mumbai - 400098, IN

Abstract

Given the ongoing advnce in computational technology, economists can legitimetly think of incorporating various aspects of uncertainty in their macromodelling effort, using stochastic control. what was feasible, not so long ago, only by using a super computer is now possible using desk top mochines. However understanding in this area is hampered bya a lack of computational vidance and experience,which can be generated only by trying Oftt these techniques on a wide varity of models.

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