Sunspot Fluctuations in Dynamics with Predetermined Variables

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Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Sunspot Fluctuations in Dynamics with Predetermined Variables by : Julio Davila

Download or read book Sunspot Fluctuations in Dynamics with Predetermined Variables written by Julio Davila and published by . This book was released on 2001 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this paper, I study the existence of Sunspot Equilibria in a general framework whose dynamics allow for the presence of predetermined variables in the system. The main motivation for this research comes from the fact that previous studies did not allow for such predetermined variables which, nevertheless, appear quite naturally in economic models. I show, for a non-negligible subset of dynamics with predetermined variables verifying usual assumptions, the existence of Stationary Sunspot Equilibria fluctuating between an arbitrary finite number of states arbitrarily close to a steady state.

Sunspots and Non-Linear Dynamics

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Publisher : Springer
ISBN 13 : 3319440764
Total Pages : 405 pages
Book Rating : 4.3/5 (194 download)

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Book Synopsis Sunspots and Non-Linear Dynamics by : Kazuo Nishimura

Download or read book Sunspots and Non-Linear Dynamics written by Kazuo Nishimura and published by Springer. This book was released on 2016-12-03 with total page 405 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the state-of-the-art in non-linear dynamics and sunspots. These two topics have been the core of an international conference on instability and public policies in a globalized world, organized at Aix-Marseille School of Economics and GREQAM in honor of Jean-Michel Grandmont. He has made significant contributions on general equilibrium theory, monetary theory, learning, aggregation, non-linear dynamics and sunspots. This book assembles contributions by Jean-Michel Grandmont's colleagues, students and friends that have been influenced by his works and that are at the frontier of research in this domain today.

Sunspot Fluctuations and Dynamics with Memory

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ISBN 13 :
Total Pages : pages
Book Rating : 4.:/5 (535 download)

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Book Synopsis Sunspot Fluctuations and Dynamics with Memory by : J. Davila

Download or read book Sunspot Fluctuations and Dynamics with Memory written by J. Davila and published by . This book was released on 1994 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:

Assessing Rational Expectations

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Publisher : MIT Press
ISBN 13 : 9780262262798
Total Pages : 350 pages
Book Rating : 4.2/5 (627 download)

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Book Synopsis Assessing Rational Expectations by : Roger Guesnerie

Download or read book Assessing Rational Expectations written by Roger Guesnerie and published by MIT Press. This book was released on 2001-04-13 with total page 350 pages. Available in PDF, EPUB and Kindle. Book excerpt: Roger Guesnerie contributes to the critical assessment of the Rational Expectations hypothesis (REH). In this book Roger Guesnerie contributes to the critical assessment of the Rational Expectations hypothesis (REH). He focuses on the multiplicity question that arises in (infinite horizon) Rational Expectation models and considers the implications for a theory of endogenous fluctuations. The REH, which dominates the economic modeling of expectations in most fields of formalized economic theory, is often associated with an optimistic view of the working of the markets—a view that Guesnerie scrutinizes closely. The book is divided into four parts. The first part uses the framework of simple models to characterize the stochastic processes that trigger self-fulfilling prophecies and examines the connections between periodic equilibria (cycles) and stochastic equilibria (sunspots). (A sunspot is a random shock uncorrelated with underlying economic fundamentals.) The second part views sunspot equilibria as overreactions triggered by small variations of intrinsic variables—rather than as fluctuations with no trigger—and looks at the consequences for a monetary theory à la Lucas. The third part develops the basic theory to encompass more complex, multidimensional systems. It focuses in particular on the special class of equilibria generating small fluctuations around a steady state. Broadening the scope, the fourth part looks at the stability of cycles, sunspots in systems with memory, and current research on rational expectations.

Stable Sunspot Equilibria in Models with Predetermined Variables

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ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)

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Book Synopsis Stable Sunspot Equilibria in Models with Predetermined Variables by : George W. Evans

Download or read book Stable Sunspot Equilibria in Models with Predetermined Variables written by George W. Evans and published by . This book was released on 2002 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: We consider a linear stochastic univariate rational expectations model, with a predetermined variable, and provide alternative representations of SSEs (stationary sunspot equilibria). For a strict subset of the parameter space there exist SSEs that are locally stable under least squares learning provided agents use a common factor representation for their estimated law of motion. These results indicate that for some parameter regions SSEs are more likely to arise under private agent learning than previously recognized.

Essays in Economic Dynamics

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Publisher : Springer
ISBN 13 : 981101521X
Total Pages : 257 pages
Book Rating : 4.8/5 (11 download)

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Book Synopsis Essays in Economic Dynamics by : Akio Matsumoto

Download or read book Essays in Economic Dynamics written by Akio Matsumoto and published by Springer. This book was released on 2016-09-22 with total page 257 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book reflects the state of the art in nonlinear economic dynamics, providing a broad overview of dynamic economic models at different levels. The wide variety of approaches ranges from theoretical and simulation analysis to methodological study. In particular, it examines the local and global asymptotical behavior of both macro- and micro- level mathematical models, theoretically as well as using simulation. It also focuses on systems with one or more time delays for which new methodology has to be developed to investigate their asymptotic properties. The book offers a comprehensive summary of the existing methodology with extensions to the more complex model variants, since considerations on bounded rationality of complex economic behavior provide the foundation underlying choice-theoretic and policy-oriented studies of macro behavior, which impact the real macro economy. It includes 13 chapters addressing traditional models such as monopoly, duopoly and oligopoly in microeconomics and Keynesian, Goodwinian, and Kaldor–Kaleckian models in macroeconomics. Each chapter presents new aspects of these traditional models that have never been seen before. This work renews the past wisdom and reveals tomorrow's knowledge.

Journal of Economic Theory

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Publisher :
ISBN 13 :
Total Pages : 1032 pages
Book Rating : 4.0/5 (531 download)

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Book Synopsis Journal of Economic Theory by : Pennsylvania

Download or read book Journal of Economic Theory written by Pennsylvania and published by . This book was released on 2001 with total page 1032 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Overlapping Generations

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Publisher : Emerald Group Publishing
ISBN 13 : 1837530548
Total Pages : 200 pages
Book Rating : 4.8/5 (375 download)

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Book Synopsis Overlapping Generations by : Stephen E. Spear

Download or read book Overlapping Generations written by Stephen E. Spear and published by Emerald Group Publishing. This book was released on 2023-09-04 with total page 200 pages. Available in PDF, EPUB and Kindle. Book excerpt: The 800 pound gorilla in the room of macroeconomics is the question of why the overlapping generations model didn’t become the central workhorse model for macroeconomics, as opposed to the neoclassical growth model. The authors here explore the co-evolution of the two models.

Macroeconomic Analysis

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Publisher : MIT Press
ISBN 13 : 0262356910
Total Pages : 318 pages
Book Rating : 4.2/5 (623 download)

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Book Synopsis Macroeconomic Analysis by : Dirk Niepelt

Download or read book Macroeconomic Analysis written by Dirk Niepelt and published by MIT Press. This book was released on 2019-12-31 with total page 318 pages. Available in PDF, EPUB and Kindle. Book excerpt: A concise but rigorous and thorough introduction to modern macroeconomic theory. This book offers an introduction to modern macroeconomic theory. It is concise but rigorous and broad, covering all major areas in mainstream macroeconomics today and showing how macroeconomic models build on and relate to each other. The self-contained text begins with models of individual decision makers, proceeds to models of general equilibrium without and with friction, and, finally, presents positive and normative theories of economic policy. After a review of the microeconomic foundations of macroeconomics, the book analyzes the household optimization problem, the representative household model, and the overlapping generations model. It examines risk and the implications for household choices and macroeconomic outcomes; equilibrium asset returns, prices, and bubbles; labor supply, growth, and business cycles; and open economy issues. It introduces frictions and analyzes their consequences in the labor market, financial markets, and for investment; studies money as a unit of account, store of value, and medium of exchange; and analyzes price setting in general equilibrium. Turning to government and economic policy, the book covers taxation, debt, social security, and monetary policy; optimal fiscal and monetary policies; and sequential policy choice, with applications in capital income taxation, sovereign debt and default, politically motivated redistribution, and monetary policy biases. Macroeconomic Analysis can be used by first-year graduate students in economics and students in master's programs, and as a supplemental text for advanced courses.

Handbook of Research Methods and Applications in Empirical Macroeconomics

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Publisher : Edward Elgar Publishing
ISBN 13 : 0857931024
Total Pages : 627 pages
Book Rating : 4.8/5 (579 download)

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Book Synopsis Handbook of Research Methods and Applications in Empirical Macroeconomics by : Nigar Hashimzade

Download or read book Handbook of Research Methods and Applications in Empirical Macroeconomics written by Nigar Hashimzade and published by Edward Elgar Publishing. This book was released on 2013-01-01 with total page 627 pages. Available in PDF, EPUB and Kindle. Book excerpt: This comprehensive Handbook presents the current state of art in the theory and methodology of macroeconomic data analysis. It is intended as a reference for graduate students and researchers interested in exploring new methodologies, but can also be employed as a graduate text. The Handbook concentrates on the most important issues, models and techniques for research in macroeconomics, and highlights the core methodologies and their empirical application in an accessible manner. Each chapter is largely self-contained, whilst the comprehensive introduction provides an overview of the key statistical concepts and methods. All of the chapters include the essential references for each topic and provide a sound guide for further reading. Topics covered include unit roots, non-linearities and structural breaks, time aggregation, forecasting, the Kalman filter, generalised method of moments, maximum likelihood and Bayesian estimation, vector autoregressive, dynamic stochastic general equilibrium and dynamic panel models. Presenting the most important models and techniques for empirical research, this Handbook will appeal to students, researchers and academics working in empirical macro and econometrics.

Business Cycles

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Publisher : Springer Science & Business Media
ISBN 13 : 3642517420
Total Pages : 242 pages
Book Rating : 4.6/5 (425 download)

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Book Synopsis Business Cycles by : Kirsten Ralf

Download or read book Business Cycles written by Kirsten Ralf and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 242 pages. Available in PDF, EPUB and Kindle. Book excerpt: When writing the preface the main work has been done. What remains is thanking all those people who directly or indirectly contributed to the out come. My thanks go to my family and friends for their encouragement towards the completion of this book. Among the academic profession, I would like to thank Prof. Dr. Dr. Harald Scherf, my academic teacher, first. During the years at Hamburg University I benefitted especially from his profound knowledge of Keynesian theory. His way of examining an argument in an unbiased way helped me a lot to carry out the reseach I wanted to do. His confidence enabled me to finish the work. A part of the book was written while I was a visiting fellow at DELTA, Paris, where I am particularly indebted to Roger Guesnerie. I have benefitted from his encouragement, advice, and gentle criticism during discussions and seminars, especially on the topic of the time structure of economic dynamics. I would like to acknowledge the hospitality and stimulating atmosphere at DELTA. Different versions of the manuscript, or parts of it have been read by Prof. Dr. Manfred Holler, Dr. Jorg Bibow and Dr. Gabriele Kasten. Their comments and suggestions were quite helpul and are gratefully acknowledged. Additionally, I have to thank Prof. Dr. M. Funke and Prof. Dr. V. Timmer mann.

Journal of Economic Literature

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Publisher :
ISBN 13 :
Total Pages : 1382 pages
Book Rating : 4.:/5 (318 download)

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Book Synopsis Journal of Economic Literature by :

Download or read book Journal of Economic Literature written by and published by . This book was released on 1998 with total page 1382 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Unions, Increasing, Returns and Endogenous Fluctuations

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Publisher :
ISBN 13 :
Total Pages : 52 pages
Book Rating : 4.E/5 ( download)

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Book Synopsis Unions, Increasing, Returns and Endogenous Fluctuations by : Rui Coimbra

Download or read book Unions, Increasing, Returns and Endogenous Fluctuations written by Rui Coimbra and published by . This book was released on 2000 with total page 52 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Advances in Economic Theory: Volume 2

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Publisher : Cambridge University Press
ISBN 13 : 9780521484602
Total Pages : 466 pages
Book Rating : 4.4/5 (846 download)

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Book Synopsis Advances in Economic Theory: Volume 2 by : Econometric Society. World Congress

Download or read book Advances in Economic Theory: Volume 2 written by Econometric Society. World Congress and published by Cambridge University Press. This book was released on 1992 with total page 466 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book gives the reader a unique survey of the most recent advances in economic theory.

Advances in Economics and Econometrics

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Publisher : Cambridge University Press
ISBN 13 : 9780521524131
Total Pages : 316 pages
Book Rating : 4.5/5 (241 download)

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Book Synopsis Advances in Economics and Econometrics by : Econometric Society. World Congress

Download or read book Advances in Economics and Econometrics written by Econometric Society. World Congress and published by Cambridge University Press. This book was released on 2003-01-20 with total page 316 pages. Available in PDF, EPUB and Kindle. Book excerpt: Sample Text

Journal of Economic Theory

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Publisher :
ISBN 13 :
Total Pages : 406 pages
Book Rating : 4.0/5 (531 download)

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Book Synopsis Journal of Economic Theory by : Karl Shell

Download or read book Journal of Economic Theory written by Karl Shell and published by . This book was released on 1998 with total page 406 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Aanwinsten van de Centrale Bibliotheek (Queteletfonds)

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Publisher :
ISBN 13 :
Total Pages : 830 pages
Book Rating : 4.F/5 ( download)

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Book Synopsis Aanwinsten van de Centrale Bibliotheek (Queteletfonds) by : Bibliothèque centrale (Fonds Quetelet)

Download or read book Aanwinsten van de Centrale Bibliotheek (Queteletfonds) written by Bibliothèque centrale (Fonds Quetelet) and published by . This book was released on 1999 with total page 830 pages. Available in PDF, EPUB and Kindle. Book excerpt: