Read Books Online and Download eBooks, EPub, PDF, Mobi, Kindle, Text Full Free.
Chaotic Interest Rate Rules
Download Chaotic Interest Rate Rules full books in PDF, epub, and Kindle. Read online Chaotic Interest Rate Rules ebook anywhere anytime directly on your device. Fast Download speed and no annoying ads. We cannot guarantee that every ebooks is available!
Book Synopsis Chaotic Interest Rate Rules by : Jess Benhabib
Download or read book Chaotic Interest Rate Rules written by Jess Benhabib and published by . This book was released on 2004 with total page 19 pages. Available in PDF, EPUB and Kindle. Book excerpt: A growing empirical and theoretical literature argues in favor of specifying monetary policy in the form of Taylor-type interest rate feedback rules. That is, rules whereby the nominal interest rate is set as an increasing function of inflation with a slope greater than one around an intended inflation target. This paper shows that such rules can easily lead to chaotic dynamics. The result is obtained for feedback rules that depend on contemporaneous or expected future inflation. The existence of chaotic dynamics is established analytically and numerically in the context of calibrated economies. The battery of fiscal policies that has recently been advocated for avoiding global indeterminacy induced by Taylor-type interest-rate rules (such as liquidity traps) are shown to be unlikely to provide a remedy for the complex dynamics characterized in this paper.
Book Synopsis Chaotic Interest Rate Rules by : Jess Benhabib
Download or read book Chaotic Interest Rate Rules written by Jess Benhabib and published by . This book was released on 2008 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: A growing empirical and theoretical literature argues in favor of specifying monetary policy in the form of Taylor-type interest rate feedback rules. That is, rules whereby the nominal interest rate is set as an increasing function of inflation with a slope greater than one around an intended inflation target. This paper shows that such rules can easily lead to chaotic dynamics. The result is obtained for feedback rules that depend on contemporaneous or expected future inflation. The existence of chaotic dynamics is established analytically and numerically in the context of calibrated economies. The battery of fiscal policies that has recently been advocated for avoiding global indeterminacy induced by Taylor-type interest-rate rules (such as liquidity traps) are shown to be unlikely to provide a remedy for the complex dynamics characterized in this paper.
Book Synopsis Interest Rate Rules, Endogenous Cycles, and Chaotic Dynamics in Open Economies by : Mr.Marco Airaudo
Download or read book Interest Rate Rules, Endogenous Cycles, and Chaotic Dynamics in Open Economies written by Mr.Marco Airaudo and published by International Monetary Fund. This book was released on 2012-05-01 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: We present an extensive analysis of the consequences for global equilibrium determinacy in flexible-price open economies of implementing active interest rate rules, i.e., monetary rules where the nominal interest rate responds more than proportionally to inflation. We show that conditions under which these rules generate aggregate instability by inducing liquidity traps, endogenous cycles, and chaotic dynamics depend on specific characteristics of open economies. In particular, rules that respond to expected future inflation are more prone to induce endogenous cyclical and chaotic dynamics the more open the economy to trade.
Book Synopsis Calibration of the Chaotic Interest Rate Model by : Tsunehiro Tsujimoto
Download or read book Calibration of the Chaotic Interest Rate Model written by Tsunehiro Tsujimoto and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Chaos - The Essence of Time and Money by : Jani Laasonen
Download or read book Chaos - The Essence of Time and Money written by Jani Laasonen and published by BoD - Books on Demand. This book was released on 2017-10-10 with total page 154 pages. Available in PDF, EPUB and Kindle. Book excerpt: Human history offers countless examples of how easy it is for humans to grow entangled with very sick and perverted cultures. Much more difficult - yet all the more rewarding and necessary - is to learn how to recognize and break your own indoctrination, and free yourself from the mental prison it creates. Our ability to think and question is the trait that separates us from animals and makes us distinctly human. One can awaken, decode one's own programming and squirm free of the circle of suggestion created by time and culture. One can become liberated from the illusions of zeitgeist, learn to think for oneself and free oneself of the dictation fo time-bound wisdom. The one who can separate time-bound illusion from timeless truth is no longer under the control of any ideology, sect, institution, or autocracy. One's thinking becomes independent and one's behavior is based on timeless wisdom issuing forth from the universal intelligence. It is time to wake up! If you feel within yourself that everything doesn't quite add up right, and you feel compelling need to see into the unpolluted truth, unadulterated by opinions and truths of the times, you will have to sooner or later begin to interpret the source code of our societal system - its economic and monetary systems - and the societal mechanisms that have grown to be supported by it, for in these mechanisms is hidden the seed of humanity's collective ten-thousand-year-old mental illness.
Download or read book Laws of Chaos written by Emmanuel Farjoun and published by Verso Books. This book was released on 2020-02-25 with total page 324 pages. Available in PDF, EPUB and Kindle. Book excerpt: Classic work of political economics In this classic work of political economy, Emmanuel Farjoun and Moshé Machover rebuild two fundamental concepts of the discipline: price and profit. They redefine the basic notions of political economy, relying on probabilistic–statistical methods of the kind used in the modern foundations of other sciences. This amounts to a rigorous new foundation of the labour theory of value. A defining work of Econophysics, republished for the first time since 1983, Laws of Chaos remains a challenging, innovative work of Marxist economics.
Book Synopsis Preventing Financial Chaos: An International Guide to Legal Rules and Operational Procedures for Handling Insolvent Banks by : Robert L. Ramsey
Download or read book Preventing Financial Chaos: An International Guide to Legal Rules and Operational Procedures for Handling Insolvent Banks written by Robert L. Ramsey and published by Kluwer Law International B.V.. This book was released on 2000-07-04 with total page 208 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is a fundamental reason, the authors of this book contend, why national financial systems falter and collapse: the failure of central banks and other supervisory authorities to deal promptly and decisively with insolvent banks. In Preventing Financial Chaos, Ramsey and Head, both well-known to the international banking community for their restructuring services in developing and transitional economies, take a no-nonsense attitude and show exactly how to usher a problem bank out of the financial system in any country. Their clearly defined rules and procedures build disciplined, competent action that activates political will and successfully curtails systemic chaos. With this nuts-and-bolts guide, policymakers, legislators, central bank officials, and representatives of international financial institutions will be able to achieve the following: recognize, monitor and resolve bank failures; conduct timely and orderly closing of problem banks; and develop national legislation to prevent the spread of bank insolvency. The authors' firmly-held convictions about which choices should be made and why is sure to launch an important debate among lawyers, bankers and academics--a debate which will inevitably focus much-needed attention on one of the most urgent problems in today's interdependent world economic order.
Book Synopsis McCawley and Trethowan - The Chaos of Politics and the Integrity of Law - Volume 2 by : Ian Loveland
Download or read book McCawley and Trethowan - The Chaos of Politics and the Integrity of Law - Volume 2 written by Ian Loveland and published by Bloomsbury Publishing. This book was released on 2021-07-01 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt: In the second part of this two-volume study, Ian Loveland delves deeply into the immediate historical and political context of the Trethowan litigation which began in New South Wales in 1930 and reached the Privy Council two years later. The litigation centred on the efforts of a conservatively-inclined government to prevent a future Labour administration led by the then radical politician Jack Lang abolishing the upper house of the State's legislature by entrenching the existence of the upper house through the legal device of requiring that its abolition be approved by a state-wide referendum. The book carefully examines the immediate political and legal routes of the entrenchment device fashioned by the State's Premier Sir Thomas Bavin and his former law student, colleague and then Dean of the Sydney University law school Sir John Peden, and places the doctrinal arguments advanced in subsequent litigation in the State courts, before the High Court and finally in the Privy Council in the multiple contexts of the personal and policy based disputes which pervaded both the State and national political arenas. In its final chapter, the book draws on insights provided by the detailed study of McCawley (in volume one) and Trethowan to revisit and re-evaluate the respective positions adopted by William Wade and Ivor Jennings as to the capacity of the United Kingdom's Parliament to introduce entrenching legislation which would be upheld by the courts.
Book Synopsis Exchange Rate Chaos by : Charles R. Geisst
Download or read book Exchange Rate Chaos written by Charles R. Geisst and published by Routledge. This book was released on 2002-01-04 with total page 193 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Bretton Woods system ensured a quarter of a century of relative stability on the world's financial markets. The quarter of a century which has followed has brought financial chaos and excessive financial volatility. Exchange Rate Chaos: 25 Years of Financial and Consumer Democracy describes and compares US and British financial history during this period. It highlights: * similarites in financial developments between the two countries * consumer democracy: Have the wishes of consumers dominated exchange rate policy? * The decline of the small investor and the hegemony of financial institutions * How the floating exchange rates are manipulated to government advantage One of the few financial histories to deal with the postwar period, this book shows how financial developments have shaped contemporary society and politics.
Book Synopsis Chaos, Complexity, And Nonlinear Economic Theory by : Wei-bin Zhang
Download or read book Chaos, Complexity, And Nonlinear Economic Theory written by Wei-bin Zhang and published by World Scientific. This book was released on 2023-05-17 with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: What do economic chaos and uncertainties mean in rational or irrational economic theories? How do simple deterministic interactions among a few variables lead to unpredictable complex phenomena? Why is complexity of economies causing so many conflicts and confusions worldwide?This book provides a comprehensive introduction to recent developments of complexity theory in economics. It presents different models based on well-accepted economic mechanisms such as the Solow model, Ramsey model, and Lucas model. It is focused on presenting complex behaviors, such as business cycles, aperiodic motion, bifurcations, catastrophes, chaos, and hidden attractors, in basic economic models with nonlinear behavior. It shows how complex nonlinear phenomena are identified from various economic mechanisms and theories. These models demonstrate that the traditional or dominant economic views on evolution of, for instance, capitalism market, free competition, or Keynesian economics, are not generally valid. Markets are unpredictable and nobody knows with certainty the consequences of policies or other external factors in economic systems with simple interactions.
Download or read book The Chaos of Empire written by Jon Wilson and published by Public Affairs. This book was released on 2016-10-25 with total page 586 pages. Available in PDF, EPUB and Kindle. Book excerpt: From the moment in the 1680s that the East India Company began to trade with the Mughal rulers of the port cities of Surat, Madras, Bombay, Calcutta, and Chittagong, the story of the Indian subcontinent was changed forever. Before its dissolution in 1857, the officers of the East India Company had under their command more than a quarter of a million troops, and functioned not as a trading partner but a quasi-imperial government whose monopolistic habits and trade preferments included the tax on tea that led directly to the American Revolution. On its dissolution the Times reported: "It accomplished a work such as in the whole history of the human race no other company ever attempted and as such is ever likely to attempt in the years to come." This was meant as a compliment, but it concealed a much more brutal truth. From the famine of 1770 in which one third of the people living in the state of Bengal perished to the Anglo-Mughal wars and the later brutal repression of the Anglo-Afghan Wars, the story of the British in India was one of conflict and divide-and-rule, relentlessly applied from the relative security of the world’s most powerful naval vessels and the forts they supplied. Interspersed between the major wars were numerous minor conflicts, most lost to popular histories, which underscore the continual violence of the imperial project. In The Chaos of Empire, Jon Wilson uses the everyday lives of administrators, soldiers and subjects, British and Indian, to lift the veil of empire to show how British rule really worked. Far from the orderly Raj that its officials sought to portray, British rule in conquered India was chaotic and paranoid, and led to a succession of unstable states in South Asia and across the world. Most importantly, empire in India created a huge gap between image and reality, enabling a small number of people--a social and political elite--to project power across the world. Among its legacies were continual cycles of hubristic state enterprise followed by massive failure--up to and including the neo-imperial adventures in Afghanistan and Iraq now. Long after the end of empire, The Chaos of Empire argues that we still try to live by the myths created by the Raj. At a time when Prime Minister Narendra Modi is arguing that Britain should pay restitution for the damage done to the Indian subcontinent under British rule, this comprehensive, dynamic, and fierce history of Britain’s rule is timely, provocative, and immensely readable.
Book Synopsis Markets in Chaos by : Brendan Hughes
Download or read book Markets in Chaos written by Brendan Hughes and published by Business Expert Press. This book was released on 2023-11-10 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book is useful for those seeking to learn about the history of market crises and individuals that want to learn about protection against downside risks for an investment portfolio. The purpose of this book is not to convince the reader to attempt to anticipate the timing of the next market crash, but rather for the reader to be able to draw parallels (and some contrasts) between the different crises in history. The book reviews case studies related to specific macroeconomic event triggers ranging from COVID-19 to hyperinflation. Readers will come away with extensive knowledge of different market crisis events spread across countries and timelines. The reader will be well versed on important macroeconomic topics such as the history of currencies. Perhaps most importantly, readers will feel better prepared to handle the next market catastrophe. Audiences such as business school students and those that are a part of organizations such as the Chartered Financial Analyst Institute will find this book of interest.
Download or read book The American Economic Review written by and published by . This book was released on 2002 with total page 1348 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Issues in General Economic Research and Application: 2013 Edition by :
Download or read book Issues in General Economic Research and Application: 2013 Edition written by and published by ScholarlyEditions. This book was released on 2013-05-01 with total page 1193 pages. Available in PDF, EPUB and Kindle. Book excerpt: Issues in General Economic Research and Application: 2013 Edition is a ScholarlyEditions™ book that delivers timely, authoritative, and comprehensive information about Theoretical Economics. The editors have built Issues in General Economic Research and Application: 2013 Edition on the vast information databases of ScholarlyNews.™ You can expect the information about Theoretical Economics in this book to be deeper than what you can access anywhere else, as well as consistently reliable, authoritative, informed, and relevant. The content of Issues in General Economic Research and Application: 2013 Edition has been produced by the world’s leading scientists, engineers, analysts, research institutions, and companies. All of the content is from peer-reviewed sources, and all of it is written, assembled, and edited by the editors at ScholarlyEditions™ and available exclusively from us. You now have a source you can cite with authority, confidence, and credibility. More information is available at http://www.ScholarlyEditions.com/.
Book Synopsis Chaos, Complexity, and Leadership 2023 by : Şefika Şule Erçetin
Download or read book Chaos, Complexity, and Leadership 2023 written by Şefika Şule Erçetin and published by Springer Nature. This book was released on with total page 184 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Monetary Growth Theory by : Wei-Bin Zhang
Download or read book Monetary Growth Theory written by Wei-Bin Zhang and published by Routledge. This book was released on 2008-07-23 with total page 395 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book answers some challenging questions in monetary growth theory within a compact theoretical framework. The author succeeds in integrating the theory of money, the theory of value and the theory of growth. The book re-examines many important ideas in modern monetary economics within a single analytical framework. It is concerned not only wit
Book Synopsis Chaos, Complexity and Leadership 2013 by : Şefika Şule Erçetin
Download or read book Chaos, Complexity and Leadership 2013 written by Şefika Şule Erçetin and published by Springer. This book was released on 2014-11-03 with total page 553 pages. Available in PDF, EPUB and Kindle. Book excerpt: These proceedings from the 2013 symposium on "Chaos, complexity and leadership" reflect current research results from all branches of Chaos, Complex Systems and their applications in Management. Included are the diverse results in the fields of applied nonlinear methods, modeling of data and simulations, as well as theoretical achievements of Chaos and Complex Systems. Also highlighted are Leadership and Management applications of Chaos and Complexity Theory.
