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Existence Of Adaptively Stable Sunspot Equilibria Near An Indeterminate Steady State
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Book Synopsis Existence of Adaptively Stable Sunspot Equilibria Near an Indeterminate Steady State by : George W. Evans
Download or read book Existence of Adaptively Stable Sunspot Equilibria Near an Indeterminate Steady State written by George W. Evans and published by . This book was released on 2001 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Existence of Adaptively Stable Sunspot Equilibria Near an Indeterminate Steady State by :
Download or read book Existence of Adaptively Stable Sunspot Equilibria Near an Indeterminate Steady State written by and published by . This book was released on 2001 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Existence of Adaptive Stable Sunspot Equilibria Near an Indeterminate Steady State by : George W. Evans
Download or read book Existence of Adaptive Stable Sunspot Equilibria Near an Indeterminate Steady State written by George W. Evans and published by . This book was released on 2001 with total page 15 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Stable sunspot equilibria in a cash-in-advance economy[ by : George W. Evans
Download or read book Stable sunspot equilibria in a cash-in-advance economy[ written by George W. Evans and published by . This book was released on 2005 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Are Non-fundamental Equilibria Learnable in Models of Monetary Policy? by : Seppo Honkapohja
Download or read book Are Non-fundamental Equilibria Learnable in Models of Monetary Policy? written by Seppo Honkapohja and published by . This book was released on 2001 with total page 60 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Dynamic Determinacy and the Existence of Sunspot Equilibria by : John Laitner
Download or read book Dynamic Determinacy and the Existence of Sunspot Equilibria written by John Laitner and published by . This book was released on 1987 with total page 8 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper relates the existence of stationary sunspot equilibria in the vicinity of a conventional stationary state to the phase diagram surrounding the latter. We find that the local condition required for a unique equilibrium path returning to the stationary state following any slight disturbance of initial conditions is also sufficient to exclude stationary sunspot equilibria in the stationary state's immediate vicinity. In that sense, an eigenvalue condition familiar from dynamic analysis can tell us something about the possibilities of local sunspot activity as well.
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 2002 with total page 1098 pages. Available in PDF, EPUB and Kindle. Book excerpt:
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.
Download or read book Mathematical Reviews written by and published by . This book was released on 2004 with total page 1770 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Learning and Expectations in Macroeconomics by : George W. Evans
Download or read book Learning and Expectations in Macroeconomics written by George W. Evans and published by Princeton University Press. This book was released on 2012-01-06 with total page 440 pages. Available in PDF, EPUB and Kindle. Book excerpt: A crucial challenge for economists is figuring out how people interpret the world and form expectations that will likely influence their economic activity. Inflation, asset prices, exchange rates, investment, and consumption are just some of the economic variables that are largely explained by expectations. Here George Evans and Seppo Honkapohja bring new explanatory power to a variety of expectation formation models by focusing on the learning factor. Whereas the rational expectations paradigm offers the prevailing method to determining expectations, it assumes very theoretical knowledge on the part of economic actors. Evans and Honkapohja contribute to a growing body of research positing that households and firms learn by making forecasts using observed data, updating their forecast rules over time in response to errors. This book is the first systematic development of the new statistical learning approach. Depending on the particular economic structure, the economy may converge to a standard rational-expectations or a "rational bubble" solution, or exhibit persistent learning dynamics. The learning approach also provides tools to assess the importance of new models with expectational indeterminacy, in which expectations are an independent cause of macroeconomic fluctuations. Moreover, learning dynamics provide a theory for the evolution of expectations and selection between alternative equilibria, with implications for business cycles, asset price volatility, and policy. This book provides an authoritative treatment of this emerging field, developing the analytical techniques in detail and using them to synthesize and extend existing research.
Download or read book Growth Cycles written by George W. Evans and published by . This book was released on 1996 with total page 62 pages. Available in PDF, EPUB and Kindle. Book excerpt: We construct a rational expectations model in which aggregate growth alternates between a low growth and a high growth state. When all agents expect growth to be slow, the returns on investment are low, and little investment takes place. This slows growth and confirms the prediction that the returns on investment will be low. But if agents expect fast growth, investment is high, returns are high, and growth is rapid. This expectational indeterminacy is induced by complementarity between different types of capital goods. In a growth cycle there are stochastic shifts between high and low growth states and agents take full account of these transitions. The rules that agents need to form rational expectations in this equilibrium are simple. The equilibrium with growth cycles is stable under the dynamics implied by a correspondingly simple learning rule.
Book Synopsis The Macroeconomics of Self-fulfilling Prophecies by : Roger E. A. Farmer
Download or read book The Macroeconomics of Self-fulfilling Prophecies written by Roger E. A. Farmer and published by MIT Press. This book was released on 1999 with total page 330 pages. Available in PDF, EPUB and Kindle. Book excerpt: Farmer argues for the future of macroeconomics as a branch ofapplied general equilibrium theory. His main theme is thatmacroeconomics is best viewed as the study of equilibrium environmentsin which the welfare theorems break down.
Book Synopsis Business Cycles and Financial Crises by : A. W. Mullineux
Download or read book Business Cycles and Financial Crises written by A. W. Mullineux and published by Bookboon. This book was released on 1990 with total page 146 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Recursive Macroeconomic Theory by : Lars Ljungqvist
Download or read book Recursive Macroeconomic Theory written by Lars Ljungqvist and published by MIT Press. This book was released on 2004 with total page 1120 pages. Available in PDF, EPUB and Kindle. Book excerpt: A significant new edition of a text that offers both tools and sample applications; extensive revisions and seven new chapters improve and expand upon the original treatment.
Book Synopsis Numerical Methods in Engineering with Python 3 by : Jaan Kiusalaas
Download or read book Numerical Methods in Engineering with Python 3 written by Jaan Kiusalaas and published by Cambridge University Press. This book was released on 2013-01-21 with total page 437 pages. Available in PDF, EPUB and Kindle. Book excerpt: Provides an introduction to numerical methods for students in engineering. It uses Python 3, an easy-to-use, high-level programming language.
Download or read book To Life! written by Linda Weintraub and published by Univ of California Press. This book was released on 2012-09-01 with total page 380 pages. Available in PDF, EPUB and Kindle. Book excerpt: This title documents the burgeoning eco art movement from A to Z, presenting a panorama of artistic responses to environmental concerns, from Ant Farms anti-consumer antics in the 1970s to Marina Zurkows 2007 animation that anticipates the havoc wreaked upon the planet by global warming.
Book Synopsis Chaos Theory Tamed by : Garnett Williams
Download or read book Chaos Theory Tamed written by Garnett Williams and published by CRC Press. This book was released on 1997-09-09 with total page 518 pages. Available in PDF, EPUB and Kindle. Book excerpt: This text aims to bridge the gap between non-mathematical popular treatments and the distinctly mathematical publications that non- mathematicians find so difficult to penetrate. The author provides understandable derivations or explanations of many key concepts, such as Kolmogrov-Sinai entropy, dimensions, Fourier analysis, and Lyapunov exponents.
