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basic thrust of this paper is to evaluate monetary policy - tradeoffs using a dynamic stochastic general equilibrium …
Persistent link: https://www.econbiz.de/10011108535
Why would social science need the help from quantum mechanics? First, there are many unanswerable questions in social science. Are financial markets predictable? How to predict the financial markets? These important questions are not answerable in the existing framework of finance or economics....
Persistent link: https://www.econbiz.de/10011111388
Are financial markets predictable? How to predict the financial markets? These important questions are not answerable in the existing framework of either finance or economics. This paper shows in details that these questions are also not answerable in the existing framework of modern physics. In...
Persistent link: https://www.econbiz.de/10011113488
Frictionless economy is the new concept emerged from late 90s1. Its core idea is to remove the time both suppliers and customers spend on the trial and error on the price. So the markets always perform on the equilibriums. So markets can work in the perfect efficiency. But due to the various...
Persistent link: https://www.econbiz.de/10009353526
regular O-minimal equilibrium manifold intersects a finite number of definable connected components locally determined. We … apply the cell decomposition theorem to decompose the definable equilibrium manifold in finite connected components, the …
Persistent link: https://www.econbiz.de/10011107313
and production levels. For this I start with a general equilibrium framework where a country produces two traded goods …
Persistent link: https://www.econbiz.de/10011107323
Distribution Dynamics Model (GIDD) and Global General Equilibrium Model (LINKAGE), the paper predicts a reduction in regional …
Persistent link: https://www.econbiz.de/10011107392
implies the equilibrium is locally determined in each connected component partitioning a regular O-minimal equilibrium … competitive equilibrium of Blume and Zame (1992). …
Persistent link: https://www.econbiz.de/10011108403
demand functions and a general equilibrium in the setting of exchange economy are examined. …
Persistent link: https://www.econbiz.de/10011108659
to be globally invertible so that there is a unique equilibrium. Indeed, we show that an excess demand function is …
Persistent link: https://www.econbiz.de/10011108943