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On the Architecture of the Rings of Saturn : An 'Identity' Theory of the Distribution of Gaps within Rings

Albers, Scott A. - 2014

In the physical world the "identity" of something is taken generally as a given; an apple is an apple; this apple is this apple. When dealing with planetary structure and extension into space, however, the problem of the planet's "identity" in the surrounding cosmos is writ large. What does a...

Persistent link: https://www.econbiz.de/10013054108

An Attitude of Complexity : Thirteen Essays on the Nature and Construction of Reality Under the Challenge of Zeno's Paradox

Albers, Scott A. - 2014

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/10013054111

R&D Shocks and News Shocks

Jinnai, Ryo - 2014

Most of the theoretical work in the news shock literature abstracts away from structural explanations, assuming instead … that news is a pure signal giving agents advance notice that aggregate technology will undergo exogenous change at some … sector can be seen as news about aggregate productivity. I not only offer a deeper explanation for the news but also show …

Persistent link: https://www.econbiz.de/10013055345

Macroeconomics : Theories and Episodes in the U.S

McDonald, John F. - 2015

This is a short book for students who have taken an introductory course in macroeconomics. The book contains a chapter on each of the major competing macroeconomic theories - Keynesian, Monetarist, real business cycle, and Austrian. Then the book presents macroeconomic data on five episodes in...

Persistent link: https://www.econbiz.de/10013016108

The Reset Inflation Puzzle and the Heterogeneity in Price Stickiness

Kara, Engin - 2015

New Keynesian models have been criticised on the grounds that they require implausibly large price shocks to explain inflation. Bill, Klenow and Malin (2012) show that, while these shocks are needed to reduce the excessive inflation persistence generated by the models, they give rise to...

Persistent link: https://www.econbiz.de/10013018197

A Model-Based Analysis of Spillovers : The Case of Poland and the Euro Area

Andrle, Michal - 2015

This paper studies economic and financial spillovers from the euro area to Poland in a two-country semi-structural model. The model incorporates various channels of macrofinancial linkages and cross-border spillovers. We parameterize the model through an extensive calibration process, and...

Persistent link: https://www.econbiz.de/10013021783

Fiscal Compact and Debt Consolidation Dynamics

Brugnolini, Luca - 2018

We analyse the macroeconomic effects of a debt consolidation policy in the Euro Area mimicking the Fiscal Compact Rule (FCR). The rule requires the signatory states to target a debt-to-GDP ratio below 60%. Within the context of Dynamic Stochastic General Equilibrium models (DSGE), we augment a...

Persistent link: https://www.econbiz.de/10012917144

Incorporating Macro-Financial Linkages into Forecasts Using Financial Conditions Indices : The Case of France

Kongsamut, Piyabha P. - 2018

How can information on financial conditions be used to better understand macroeconomic developments and improve macroeconomic projections? We investigate this question for France by constructing country-specific financial conditions indices (FCIs) that are tailored to movements in GDP,...

Persistent link: https://www.econbiz.de/10012929939

Maximum Entropy and Information Theory Approaches to Economics

Smith, Jason - 2018

In the natural sciences, complex non-linear systems composed of large numbers of smaller subunits provide an opportunity to apply the tools of statistical mechanics and information theory. The principle of maximum entropy can usually provide shortcuts in the treatment of these complex systems....

Persistent link: https://www.econbiz.de/10012931263

Austrian Macroeconomics in Search of Its Uniqueness

Luther, William J. - 2018

We consider the essential features of an Austrian macroeconomic model and then ask whether these features are unique. We argue that the temporal aspect of the structure of production is not an essential feature. Malinvestments in any dimension (e.g., time, geography, type, etc.) can generate the...

Persistent link: https://www.econbiz.de/10012933552