The Estimation Of Macroeconomic Desequilibrium Models With Regime Classification Information
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The Estimation Of Macroeconomic Disequilibrium Models With Regime Classification Information
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Author : Glenn D. Rudebusch
language : en
Publisher:
Release Date : 1987
The Estimation Of Macroeconomic Disequilibrium Models With Regime Classification Information written by Glenn D. Rudebusch and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Equilibrium (Economics) categories.
Disequilibrium Macroeconomic Models
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Author : Jean-Paul Lambert
language : en
Publisher: CUP Archive
Release Date : 1988-05-26
Disequilibrium Macroeconomic Models written by Jean-Paul Lambert and has been published by CUP Archive this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988-05-26 with Business & Economics categories.
The Estimation Of Macroeconomic Desequilibrium Models With Regime Classification Information
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Author : Glenn D. Rudebusah
language : en
Publisher:
Release Date : 1987
The Estimation Of Macroeconomic Desequilibrium Models With Regime Classification Information written by Glenn D. Rudebusah and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with Econometria categories.
The Estimation Of Macroeconomic Disequilibrium Models With Regime Classification Information
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Author : Glenn D. Rudebusch
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
The Estimation Of Macroeconomic Disequilibrium Models With Regime Classification Information written by Glenn D. Rudebusch and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Imperfect General Equilibrium
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Author : Pier C. Nicola
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Imperfect General Equilibrium written by Pier C. Nicola and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Economic theory of the last fifty years has been dominated by the paradigm of General Equilibrium Theory, based on the scientific work of Walras-Pareto-Cassel-Wald-Hicks-Arrow-De breu-McKenzie. Some of its grounding assumptions are: all prices are fully flexible; an auctioneer appropriately manipulates all prices according to the law of supply and demand; every con sumer has only one budget constraint; all agents are perfectly informed; no actions are taken by agents before a vector of prices has been found such that all markets clear. Indeed, when all markets clear every agent can implement her/his chosen (opti mal) action and nobody is urged to change his/her decisions. Under these assumptions it is generally said that in a (one pe riod, competitive) general equilibrium model there is no place for money. The present monograph takes general equilibrium as the ba sis on which to build the model presented. But its first aim is to completely dispense with the Walrasian auctioneer by giving firms the task of choosing their output price~ period after period.
Regime Transitions Spillovers And Buffer Stocks
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Author : Peter Stalder
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Regime Transitions Spillovers And Buffer Stocks written by Peter Stalder and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
This book presents an econometric modeling approach for analysing macroeconomic disequilibria, focusing on the market for goods and labor and the spillovers between these markets transmitted through firms' decisions in the production sphere. The macroeconomic markets are treated as heterogeneous aggregates, consisting of a multitute of micro markets on which demand/supply ratios differ. Disequilibrium models have been under attack because they neglect that inventories enable firms to smooth production over the cycle, but the author argues that buffer stocks (output inventories, unfilled orders) should be accounted for within the disequilibrium framework, giving rise to a dynamic modification rather than a fundamental invalidation of rationing and spillover effects. The model developed in this book combines traditional Keynesian-type analysis with supply-side considerations and at the same time allows for micro-level imbalance. The resulting econometric structure is inherently nonlinear, reflecting that the response of economic activity to demand-side and supply-side factors varies over the cycle, depending on the aggregate mix of regimes. The model is estimated with quarterly data for Switzerland. Various simulation experiments clearly demonstrate the potential of this type of model for empirical business cycle analysis and policy discussions.
Two Person Bargaining Experiments With Incomplete Information
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Author : Bettina Kuon
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Two Person Bargaining Experiments With Incomplete Information written by Bettina Kuon and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
Think of the following situation: A project yielding a gross profit of 100 is offered to two firms. The project can only be conducted by a cooperation of the two firms. No firm is able to conduct the project alone. In order to receive the project the firms have to agree on the allocation of the gross profit. Each of both firms has an alternative project it conducts in case the joint project is not realized. The profitability of an allocation of the joint gross profit for a firm depends on the gross profit from its alternative project. The gross profit from an alternative project can be either 0 (low alternative value) or O
Empirical Vector Autoregressive Modeling
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Author : Marius Ooms
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Empirical Vector Autoregressive Modeling written by Marius Ooms and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Business & Economics categories.
1. 1 Integrating results The empirical study of macroeconomic time series is interesting. It is also difficult and not immediately rewarding. Many statistical and economic issues are involved. The main problems is that these issues are so interrelated that it does not seem sensible to address them one at a time. As soon as one sets about the making of a model of macroeconomic time series one has to choose which problems one will try to tackle oneself and which problems one will leave unresolved or to be solved by others. From a theoretic point of view it can be fruitful to concentrate oneself on only one problem. If one follows this strategy in empirical application one runs a serious risk of making a seemingly interesting model, that is just a corollary of some important mistake in the handling of other problems. Two well known examples of statistical artifacts are the finding of Kuznets "pseudo-waves" of about 20 years in economic activity (Sargent (1979, p. 248)) and the "spurious regression" of macroeconomic time series described in Granger and Newbold (1986, §6. 4). The easiest way to get away with possible mistakes is to admit they may be there in the first place, but that time constraints and unfamiliarity with the solution do not allow the researcher to do something about them. This can be a viable argument.
Nonlinear And Convex Analysis In Economic Theory
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Author : Toru Maruyama
language : en
Publisher: Springer Science & Business Media
Release Date : 2012-12-06
Nonlinear And Convex Analysis In Economic Theory written by Toru Maruyama and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-12-06 with Mathematics categories.
The papers collected in this volume are contributions to T.I.Tech./K.E.S. Conference on Nonlinear and Convex Analysis in Economic Theory, which was held at Keio University, July 2-4, 1993. The conference was organized by Tokyo Institute of Technology (T. I. Tech.) and the Keio Economic Society (K. E. S.) , and supported by Nihon Keizai Shimbun Inc .. A lot of economic problems can be formulated as constrained optimiza tions and equilibrations of their solutions. Nonlinear-convex analysis has been supplying economists with indispensable mathematical machineries for these problems arising in economic theory. Conversely, mathematicians working in this discipline of analysis have been stimulated by various mathematical difficulties raised by economic the ories. Although our special emphasis was laid upon "nonlinearity" and "con vexity" in relation with economic theories, we also incorporated stochastic aspects of financial economics in our project taking account of the remark able rapid growth of this discipline during the last decade. The conference was designed to bring together those mathematicians who were seriously interested in getting new challenging stimuli from economic theories with those economists who were seeking for effective mathematical weapons for their researches. Thirty invited talks (six of them were plenary talks) given at the conf- ence were roughly classified under the following six headings : 1) Nonlinear Dynamical Systems and Business Fluctuations, . 2) Fixed Point Theory, 3) Convex Analysis and Optimization, 4) Eigenvalue of Positive Operators, 5) Stochastic Analysis and Financial Market, 6) General Equilibrium Analysis.
Dynamic Timing Decisions Under Uncertainty
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Author : Nguyen M. Hung
language : en
Publisher: Springer Science & Business Media
Release Date : 2013-04-17
Dynamic Timing Decisions Under Uncertainty written by Nguyen M. Hung and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-04-17 with Business & Economics categories.
Jay Forrester's Economic Dynamics was published in 1971 and The Limits to Growth by Dennis Meadows and his associates appeared a year later. The publication of those two books gave rise to twenty years of intense research into the economics of exhaustible resources, research which everywhere has had a substantial impact both on public debate and on academic curricula. And now, just as that line of research is losing steam, economists are focussing on problems associated with the degradation of the natural environment, problems which call for models which, in their formal structure, are quite similar to those already developed in resource economics. This is therefore an appropriate moment for the appearance of a thorough exposition of the economics of exhaustible resources. For that is what Nguyen Manh Hung and Nguyen Van Quyen have provided. Their splendid new book covers equally well the older Hotelling-inspired theory of cake-eating and the economics of search and R&D designed to uncover new and cheaper sources of supply. It provides an entree to the whole subject of resource economics, as well as many new discoveries which will be of interest to experienced researchers.
