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of this model is that the slope of the aggregate supply curve depends on the variability of nominal shocks. This paper … has tended to disappear in the Venezuelan economy, as nominal shocks has increased in size and variability. …
Persistent link: https://www.econbiz.de/10011259960
variability and the growth rate of output. Ng-Perron unit root test shows that the growth rate of GDP is non-stationary but the … number of specifications (with and without a dummy variable) are used. In all cases, the results show that output variability …
Persistent link: https://www.econbiz.de/10005835862
The effects of rate and variability inflation on output growth variability has has been investigated in this paper. The … paper concludes that there exists no significant relationship between inflation rate and/or its variability and output … growth variability in most of the cases. The results more or less remains the same when we introduced the lagged dependent …
Persistent link: https://www.econbiz.de/10005836948
We derive the value of reliability in the scheduling of an activity of random duration, such as travel under congested conditions. We show that the minimal expected cost is linear in the mean and standard deviation of duration, regardless of the form of the standardized distribution of...
Persistent link: https://www.econbiz.de/10005837545
This paper presents evidence that accounting (or flow-of-fund) macroeconomic models helped anticipate the credit crisis and economic recession. Equilibrium models ubiquitous in mainstream policy and research did not. This study identifies core differences, traces their intellectual pedigrees,...
Persistent link: https://www.econbiz.de/10011267876
the accuracy of the COP price prediction a series of advanced models is developed. The original set of two major CPIs is …-linear trend in the CPI difference is also revisited. This trend allows for an accurate prediction of the COP prices at a five to …
Persistent link: https://www.econbiz.de/10011259247
This set of three volumes argues that the mind – human consciousness – may be measured by considering mathematically the aggregate of that consciousness, i.e. social history. From this beginning theme of discussion three questions must arise. 1. How might this measurement be made? 2. Of what...
Persistent link: https://www.econbiz.de/10011259509
I argue that a form of consciousness may be found in American economic history, one which is both mathematically demonstrable and important. In this book I present a model of economic and political growth based upon systematic addition. We begin with a philosophic model of trade (pp. 34-46);...
Persistent link: https://www.econbiz.de/10011259667
This paper examines the dynamic of prices for different exchange assets in relation to the dynamics of other exchange instruments. The analysis shows that in certain periods there exists a strong connection between the exchange assets(direct or indirect) but it is rather unstable. The...
Persistent link: https://www.econbiz.de/10011260013
In sum, in these essays I explore the self-similarity between levels, the fractal structure of reality, through an investigation of an inherent and unavoidable uncertainty which is unique to each level. These essays will demonstrate that as each level struggles to resolve its own inherent...
Persistent link: https://www.econbiz.de/10011260442