Download or read book A Disequilibrium Model of Real and Financial Accumulation in an Open Economy written by Giancarlo Gandolfo and published by . This book was released on 1984 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Disequilibrium Model of Real and Financial Accumulation in an Open Economy written by B. Curtis Eaves and published by . This book was released on 1984 with total page 172 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book A Disequilibrium Model of Real and Financial Accumulation in an Open Economy written by Giancarlo Gandolfo and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 182 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is the fourth version of a model that five years ago we set out to build and estimate along the lines of the continuous time approach clarified In chapter 1. Previous versions appeared in journal articles and conference proceedings, where the space is notoriously limited. Therefore we welcome the possibility of publishing a book-length treatment of this fourth version, so that we can describe its theoretical and empirical aspects in some detail. Although we have worked closely together and accept joint responsibility for the whole book, chs. 1 and 2 and appendix I have been written by G. Gandolfo, whilst chs. ] and 4 and appendix II have been written by P.c. Padoan. Different parts of this version of the model have been discussed In various lectures at the European University Institute (Florence) in 1984, In a seminar organized by the Bank of Italy (Sadiba, Perugia, Italy, February 16-18, 1984), in the second Viennese Workshop on Economic Applications of Control Theory (Vienna, May 16-18, 1984), and in the sixth annual Conference of the Society for Economic Dynamics and Control (Nice, France, June 13-15, 1984). In all of these we received helpful comments; similarly helpful were the comments of Clifford R .. Wymer, who, however, is absolved of any responsibility.

Download or read book Dynamic Disequilibrium Modeling Theory and Applications written by William A. Barnett and published by Cambridge University Press. This book was released on 1996-06-13 with total page 556 pages. Available in PDF, EPUB and Kindle. Book excerpt: . The organizers of the ninth symposium, which produced the current proceedings volume, were Claude Hillinger at the University of Munich, Giancarlo Gandolfo at the University of Rome "La Sapienza," A. R. Bergstrom at the University of Essex, and P. C. B. Phillips at Yale University.

Download or read book Estimation of Disequilibrium Models written by Hans-Jürg Büttler and published by Springer Science & Business Media. This book was released on 2013-03-08 with total page 124 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph grew out of a project which was sponsored by the Swiss National Foundation ("Schweizerischer Nationalfonds") under grant no. 4. 636-0. 83. 09. Yithin this project, prediction-oriented estimation methods for the canonical econometric disequilibrium model were developed. The present monograph deals with the application of these estimation techniques to three aggregative markets of the Swiss economy. Parts of the monograph have been presented at various places: the estimation techniques described in chapter 3 at the European Meeting of the Econometric Society, Madrid 1984; the application to residential investment described in chapter 4 at a symposium on housing policy at the University of Mannheim, 1984; the empirical study on the money stock described in chapter 5 at the Symposium on Money, Banking and Insurance held at the University of Karlsruhe, 1984, as well as at a joint seminar of the University of Basle and the Bank for International Settlements (BIS), 1985; and, finally, the empirical study on the aggregate labor market described in chapter 6 at a seminar of the University of ZUrich, 1985. Comments from toe seminar participants, in particular from Palle S. Andersen (BIS) who served as a discussant, Pascal Bridel (Swiss National Bank, SNB), Franz Ettlin (SNB), and Kurt Schiltknecht (Nordfinanz-Bank, Zurich) are gratefully acknowledged, without implying any responsibility on their part. The methodological part described in chapters 2 and 3 is contributed by G. Frei and B.

Download or read book Continuous Time Econometrics written by G. Gandolfo and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 273 pages. Available in PDF, EPUB and Kindle. Book excerpt: Continuous-time econometrics is no longer an esoteric subject although most still regard it as such, so much so that it is hardly mentioned in standard textbooks on econometrics. Thanks to the work done in the last 20 years, both the theoretical and the applied side are by now well developed. Methods of estimation have been theoretically elaborated and practically implemented through computer programs. Continuous-time macroeconometric models for different countries have been constructed, estimated and used. Being myself involved in these developments, it was with great pleasure that I accepted the invitation to organize a session on continuous-time econometrics in the context of the International Symposium on Economic Modelling (jointly organized by the University of Urbino and the book series International Studies in Economic Modelling, and co-sponsored by the Consiglio Nazionale delle Ricerche). The reaction of 'continuists' from all over the world was so enthusiastic that I was able to arrange two sessions, one on the theory and the other on the applications. The symposium was held in Urbino on 23-25 July 1990. The papers presented in Urbino have been revised in the light of the discussion at the symposium and the referees' comments. Hence, what is published here should become another standard reference in the field of continuous-time econometrics.

Download or read book The Estimation of Macroeconomic Disequilibrium Models with Regime Classification Information written by Glenn D. Rudebusch and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 137 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Essays in Macroeconomics of an Open Economy written by Franz Gehrels and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 194 pages. Available in PDF, EPUB and Kindle. Book excerpt: The large aggregates in the economy - consumption, investment, production of the domestic and the international sectors, international capital flows, financial accumulation and indebtedness - are analysed in this book as problems in time-optimisation for enterprises and households. The effects of fiscal and monetary policies along with exchange-rate variation are examined, and their simultaneous use for stabilizing demand are found to be necessary. All household decisions on consumptions, savings, and financial disposition are conditioned by uncertainty, and similarly for firms, who make more complex simultaneous decisions on production, real investment, financing, and market strategy. The marginal efficiency-of-investment function derived from these decisions is fundamentally different from the marginal productivity of capital in the neoclassical sense. An economy which grows through the accumulation of capital, increase in labor supply, and technological progress is the framework in which all of these variables move. This codetermines the allocation of factors between domestic and international production, and the development of foreign trade. The growth both of the public debt and of international investment are treated in depth.

Download or read book Stochastic Two Stage Programming written by Karl Frauendorfer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: Stochastic Programming offers models and methods for decision problems wheresome of the data are uncertain. These models have features and structural properties which are preferably exploited by SP methods within the solution process. This work contributes to the methodology for two-stagemodels. In these models the objective function is given as an integral, whose integrand depends on a random vector, on its probability measure and on a decision. The main results of this work have been derived with the intention to ease these difficulties: After investigating duality relations for convex optimization problems with supply/demand and prices being treated as parameters, a stability criterion is stated and proves subdifferentiability of the value function. This criterion is employed for proving the existence of bilinear functions, which minorize/majorize the integrand. Additionally, these minorants/majorants support the integrand on generalized barycenters of simplicial faces of specially shaped polytopes and amount to an approach which is denoted barycentric approximation scheme.

Download or read book Applied Simulated Annealing written by Rene V.V. Vidal and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 362 pages. Available in PDF, EPUB and Kindle. Book excerpt: In February 1992, I defended my doctoral thesis: Engineering Optimiza tion - selected contributions (IMSOR, The Technical University of Den mark, 1992, p. 92). This dissertation presents retrospectively my central contributions to the theoretical and applied aspects of optimization. When I had finished my thesis I became interested in editing a volume related to a new expanding area of applied optimization. I considered several approaches: simulated annealing, tabu search, genetic algorithms, neural networks, heuristics, expert systems, generalized multipliers, etc. Finally, I decided to edit a volume related to simulated annealing. My main three reasons for this choice were the following: (i) During the last four years my colleagues at IMSOR and I have car ried out several applied projects where simulated annealing was an essential. element in the problem-solving process. Most of the avail able reports and papers have been written in Danish. After a short review I was convinced that most of these works deserved to be pub lished for a wider audience. (ii) After the first reported applications of simulated annealing (1983- 1985), a tremendous amount of theoretical and applied work have been published within many different disciplines. Thus, I believe that simulated annealing is an approach that deserves to be in the curricula of, e.g. Engineering, Physics, Operations Research, Math ematical Programming, Economics, System Sciences, etc. (iii) A contact to an international network of well-known researchers showed that several individuals were willing to contribute to such a volume.

Download or read book Nondifferentiable Optimization Motivations and Applications written by Vladimir F. Demyanov and published by Springer Science & Business Media. This book was released on 2013-06-29 with total page 355 pages. Available in PDF, EPUB and Kindle. Book excerpt: The International Institute for Applied Systems Analysis (IIASA) in Laxenburg, Austria, has been involved in research on nondifferentiable optimization since 1976. IIASA-based East-West cooperation in this field has been very productive, leading to many important theoretical, algorithmic and applied results. Nondifferentiable optimi zation has now become a recognized and rapidly developing branch of mathematical programming. To continue this tradition, and to review recent developments in this field, IIASA held a Workshop on Nondifferentiable Optimization in Sopron (Hungary) in September 1964. The aims of the Workshop were: 1. To discuss the state-of-the-art of nondifferentiable optimization (NDO), its origins and motivation; 2. To compare-various algorithms; 3. To evaluate existing mathematical approaches, their applications and potential; 4. To extend and deepen industrial and other applications of NDO. The following topics were considered in separate sessions: General motivation for research in NDO: nondifferentiability in applied problems, nondifferentiable mathematical models. Numerical methods for solving nondifferentiable optimization problems, numerical experiments, comparisons and software. Nondifferentiable analysis: various generalizations of the concept of subdifferen tials. Industrial and other applications. This volume contains selected papers presented at the Workshop. It is divided into four sections, based on the above topics: I. Concepts in Nonsmooth Analysis II. Multicriteria Optimization and Control Theory III. Algorithms and Optimization Methods IV. Stochastic Programming and Applications We would like to thank the International Institute for Applied Systems Analysis, particularly Prof. V. Kaftanov and Prof. A.B. Kurzhanski, for their support in organiz ing this meeting.

Download or read book Resource Extraction and Market Structure written by Martin Schäfer and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 168 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Convexity and Duality in Optimization written by Jacob Ponstein and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 151 pages. Available in PDF, EPUB and Kindle. Book excerpt: The analysis and optimization of convex functions have re ceived a great deal of attention during the last two decades. If we had to choose two key-words from these developments, we would retain the concept of ~ubdi66~e~ and the duality theo~y. As it usual in the development of mathematical theories, people had since tried to extend the known defi nitions and properties to new classes of functions, including the convex ones. For what concerns the generalization of the notion of subdifferential, tremendous achievements have been carried out in the past decade and any rna·· thematician who is faced with a nondifferentiable nonconvex function has now a panoply of generalized subdifferentials or derivatives at his disposal. A lot remains to be done in this area, especially concerning vecto~-valued functions ; however we think the golden age for these researches is behind us. Duality theory has also fascinated many mathematicians since the underlying mathematical framework has been laid down in the context of Convex Analysis. The various duality schemes which have emerged in the re cent years, despite of their mathematical elegance, have not always proved as powerful as expected.

Download or read book Growth Cycles and Multisectoral Economics the Goodwin Tradition written by Gianni Ricci and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 134 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contains a collection of the most significant contributions to some of R.M. Goodwin's ideas, which were presented on the occasion of the outstanding economist's 73rd birthday celebrations held in Modena on February 24th, 1986. The most important feature of this book is the unique combination of papers by economists, econometricians and mathematicians. Their papers deal with the different aspects of Goodwin's celebrated models. The book is divided into three parts. The first part contains five papers which describe Goodwin's scientific life. The second part is more quantitative and contains extensions and modifications to the nonlinear model of growth cycles. The third part is an economic reflection linked to Goodwin's themes. The book presents a combination of both qualitative and quantitative contributions to Goodwin's pioneering works.

Download or read book International Economics II written by Giancarlo Gandolfo and published by Springer Science & Business Media. This book was released on 2013-03-09 with total page 525 pages. Available in PDF, EPUB and Kindle. Book excerpt: There is no lack of good international economics textbooks ranging from the elementary to the advanced, so that an additional drop in this ocean calls for an explanation. In the present writer's opinion, there seems still to be room for a textbook which can be used in both undergraduate and graduate courses, and which contains a wide range of topics, including those usually omitted from other textbooks. These are the intentions behind the present book, which is an outcrop from undergraduate and graduate courses in international economics that the author has been holding at the University of Rome since 1974, and from his on going research work in this field. Accordingly the work is organized as two-books in-one by distributing the material between text and appendices. The treatment in the body of this book is directed to undergraduate students and is mainly confined to graphic analysis and to some elementary algebra, but it is assumed that the reader will have a good knowledge of basic microeconomics and macroeconomics (so that the usual review material on production functions, indifference curves, standard Keynesian model, etc. , etc. has been omitted) . Each chapter is followed by an appendix in which the treatment is mainly mathematical, and where (i) the topics explained in the text are treated at a level suitable for advanced undergraduate or first-year graduate students and (ii) generalizations and/or topics not treated in the text (including some of those at the frontiers of research) are formally examined.

Download or read book Integral Global Optimization written by Soo H. Chew and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book treats the subject of global optimization with minimal restrictions on the behavior on the objective functions. In particular, optimal conditions were developed for a class of noncontinuous functions characterized by their having level sets that are robust. The integration-based approach contrasts with existing approaches which require some degree of convexity or differentiability of the objective function. Some computational results on a personal computer are presented.

Download or read book Dynamics of Macrosystems written by Jean-P. Aubin and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: