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Dynamic game theory serves the purpose of including strategic interaction in decision making and is therefore often … theory related to economics. It was initiated by contributors to the 12th Viennese Workshop on Optimal Control, Dynamic Games …
Persistent link: https://www.econbiz.de/10014017642
Nonlinear Time Series Analysis of Economic and Financial Data provides an examination of the flourishing interest that has developed in this area over the past decade. The constant theme throughout this work is that standard linear time series tools leave unexamined and unexploited economically...
Persistent link: https://www.econbiz.de/10013518888
Dynamic Modeling of Monetary and Fiscal Cooperation Among Nations analyzes coordination of monetary and fiscal stabilization policies between countries and currency areas using a dynamic game approach. The first four chapters introduce the reader to the dynamics of fiscal and monetary policy...
Persistent link: https://www.econbiz.de/10013520414
Starting point of this book is the observation that an increase in public debt must be accompanied by a rise in the primary surplus of the government to guarantee sustainability of public debt. The book first elaborates on that principle from a theoretical point of view and then tests whether...
Persistent link: https://www.econbiz.de/10013521220
can help to adequately buffer income risk and obtain sufficient risk-free income at a later stage of life, while also … rigorous discussions and innovative solutions. The latter may find a few of the concepts a bit challenging. Yet, theory and … Constraints -- Dynamic Saving and Portfolio Decisions-Theory -- Asset Accumulation with Estimated Low Frequency Movements Asset …
Persistent link: https://www.econbiz.de/10012398151
-- Appendix: Achilles and the theory of games …
Persistent link: https://www.econbiz.de/10012398152
This book deals with the application of wavelet and spectral methods for the analysis of nonlinear and dynamic processes in economics and finance. It reflects some of the latest developments in the area of wavelet methods applied to economics and finance. The topics include business cycle...
Persistent link: https://www.econbiz.de/10014021057
1. Nonlinearity in Stochastic Processes: What it Is and Why it Matters -- 2. Detecting Nonlinear Serial Dependence -- 3. How to Run the Toolkit Program on a PC -- 4. Artificially Generated Data: Size Considerations -- 5. Artificially Generated Data: Power And Model Specification Considerations...
Persistent link: https://www.econbiz.de/10014021905
Persistent link: https://www.econbiz.de/10013520986
contributions in economics, natural sciences and applied mathematics, especially optimal control theory. Its main topics include … theory which offers a common basis for multidisciplinatory research and mathematical tools for solving complicated models …
Persistent link: https://www.econbiz.de/10014016410