We develop an efficient and easy-to-use computational method for solving a wide class of general equilibrium heterogeneous agent models with aggregate shocks, together with an open source suite of codes that implement our algorithms in an easy-to-use toolbox. Our method extends standard...

The Sudanese political crisis is delivered worldwide in all media. Current issues are focused on the Southern Secession and birth of the South Sudan Nation, the recent rebellion in Southern Kordofan and the Darfur stalemate. Additional crisis are brewing in Sudan's Eastern Region of the Red Sea,...

The current paper experiments with the conception and analytical model of principle components. The analysis utilizes data of Sudan to test the model fitness and data suitability. All the country's economic sectors are used in the analysis which also integrates high, medium and low income strata...

Demonetization drive of Nov. 8, 2016 led to nullification of 86% of India's currency that was in circulation. It was aimed at weeding out the black market's cash supply and counterfeit notes that are disrupting the socio-politico-economic landscape of the world's second largest emerging market....

In this paper it is been made an attempt to map the global OLG models and afterwards to draw phase diagrams for the baseline OLG models, namely by simulating the Diamond (1965) capital accumulation simple OLG model. First it is discussed the issue of optimality in OLG models, then the general...

Demonetization is a process of extraction of a particular form of currency from circulation. The current form of money is pulled out from circulation and retired, to be replaced with new notes or coins. The latest demonetization measures taken by the Indian Government on November 8th 2016, in an...

Neoclassical growth theory is the dominant perspective for explaining economic growth. At its core are four implicit assumptions: 1) economic output can become decoupled from energy consumption; 2) economic distribution is unrelated to growth; 3) large institutions are not important for growth;...

Based on binary economic principles, this paper asserts that one widely overlooked way to empower economically poor and working people in market economy is to universalize the right to acquire capital with the earnings of capital. This right is presently largely concentrated, as a practical...