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Uncertainty, Indeterminacy and Shannon's Derivation of Entropy: Implications for Policy Administration - A Systems Theoretical Approach
Author: A.G. Perison - EconWPA - 2001
Most prices and interest rates display fluctuating levels that embody extractable energy and equivalent amounts of money. Such fluctuations are also associated with varying degrees of uncertainty. Shannon's derivations of spectral entropy and information content offer computational techniques...
Persistent link: https://www.econbiz.de/10005561278
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Systems Theory of Macroeconomics, Introduction to
Perison, A.G. - EconWPA - 2001
rapid expansion of the U.S. economy. The Systems Theory of Macroeconomics (STM) indicates an erroneous construction in Say … constitutes the Special Theory. General Theory attempts to quantify and unify the effects of fiscal, monetary and social policies … through corrections made to the Quantity Theory, thus modeling the short and long term effects of these policies in tandem or …
Persistent link: https://www.econbiz.de/10005412616
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CIRCULAR VARIABLE WORK IN PROCESS
Vildosola, Luis - EconWPA - 2002
This work is focused on identifying a circular pull production control system (PPCS) and make emphasis on the presence of a stability attribute. It is an introductory paper to an extended study of macroeconomic financial stability in a physically open but systemic closed system. Previous work...
Persistent link: https://www.econbiz.de/10005126234
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Do Flexible Durable Goods Prices Undermine Sticky Price Models?
Barsky, Robert; House, Christopher; Kimball, Miles - EconWPA - 2003
The “neoclassical synthesis” sticky price model exhibits strange behavior when augmented with markets for durable goods with flexible prices. While in the data the output of durable goods responds strongly and positively to a loosening of monetary policy, in dynamic general equilibrium...
Persistent link: https://www.econbiz.de/10005076698
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EMU enlargement and convergence of price levels: Lessons from the German reunification
Maier, Philipp; Cavelaars, Paul - EconWPA - 2003
We analyse the possible impact of EMU enlargement on inflation rates in the accession countries. Using a simple theoretical model we show that the optimal path price adjustments should be asymmetric, i.e. occuring mostly in the candidate countries. Using data from the German reunification we...
Persistent link: https://www.econbiz.de/10005412769
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Bad for Euroland, Worse for Germany-The ECB's Record
Bibow, Jorg - EconWPA - 2005
This paper assesses the contribution of the European Central Bank (ECB) to Germany’s ongoing economic crisis, a vicious circle of decline in which the country has become stuck since the early 1990s. It is argued that the ECB continues the Bundesbank tradition of asymmetric policymaking: the...
Persistent link: https://www.econbiz.de/10005412611
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Zinsgewichtete versus herkömmliche Geldmengenaggregate : Theorie und empirische Evidenz für die Bundesrepublik Deutschland
Krämer, Jörg W. - 1996
Persistent link: https://www.econbiz.de/10013263791
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Nominale Anker als geldpolitische Koordinationsziele
Funke, Norbert - 1995
Nominale Anker im nationalen Kontext -Nominale Anker als internationale geldpolitische Koordinationsziele -Wahl eines nominalen Ankers bei einer Europäischen Währungsunion -Wirtschaftspolitische Implikationen
Persistent link: https://www.econbiz.de/10013263812
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MONEY AND OUTPUT INTERRACTION IN NIGERIA
NWAOBI, DR.GODWIN CHUKWUDUM - EconWPA - 2004
THIS PAPER DERIVES AND ESTIMATES A BARRO-TYPE REDUCED-FORM EQUATION FOR DOMESTIC REAL OUTPUT FROM A SIMPLE STRUCTURAL MODEL OF AN OPEN DEVELOPING ECONOMY IN WHICH MARKETS CLEAR CONTINUOUSLY AND EXPECTATIONS ARE RATIONAL. THE FORM IN WHICH OPEN ECONOMY VARIABLES APPEARED WAS EXPLICITLY DERIVED...
Persistent link: https://www.econbiz.de/10005561194
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Economia sintetica
Vildosola, Luis - EconWPA - 1998
Theoretical study identifying one modality with conditions necesary for the financial stabilization of an inherently unstable system; and 5040 other unstable dynamic modes. It draws on knowledge made available by the academic field of Control Engineering.
Persistent link: https://www.econbiz.de/10005125628