A new approach for introducing unemployment into the New Keynesian framework.
The past fifteen years have witnessed the rise of the New Keynesian model as a framework of reference for the analysis of fluctuations and stabilization policies. That framework, which combines the rigor and internal consistency of dynamic general equilibrium models with such typically Keynesian assumptions as monopolistic competition and nominal rigidities, makes possible a meaningful, welfare-based analysis of the effects of monetary policy rules. But the conspicuous absence of unemployment from the standard New Keynesian model has given rise to both criticism and attempts to rectify this anomaly. In this book, Jordi Gali, one of the major contributors to the New Keynesian literature, offers a new approach to introducing unemployment into that framework.
Gali's approach involves a reinterpretation of the labor market in the standard New Keynesian model with staggered wage setting (rather than a modification or extension of the model, as has been proposed by others). The resulting framework preserves the convenience of the representative household paradigm and allows one to determine the equilibrium levels of employment, the labor force, and hence the unemployment rate conditional on the monetary policy in place.
Gali develops the basic model, embedding it in a standard New Keynesian framework with staggered price and wage setting; revisits the relationship between economic fluctuations and efficiency through the lens of the new model, developing a measure of the output gap; and analyzes the relation between unemployment and the design of monetary policy.
Автор: Rachid Guerraoui; Franck Petit Название: Stabilization, Safety, and Security of Distributed Systems ISBN: 3642051170 ISBN-13(EAN): 9783642051173 Издательство: Springer Рейтинг: Цена: 19564.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book constitutes the refereed proceedings of the 11th International Symposium on Stabilization, Safety, and Security of Distributed Systems, SSS 2009, held in Lyon, France, in November 2009. The 49 revised full papers and 14 brief announcements presented together with three invited talks were carefully reviewed and selected from 126 submissions. The papers address all safety and security-related aspects of self-stabilizing systems in various areas. The most topics related to self-* systems. The special topics were alternative systems and models, autonomic computational science, cloud computing, embedded systems, fault-tolerance in distributed systems / dependability, formal methods in distributed systems, grid computing, mobility and dynamic networks, multicore computing, peer-to-peer systems, self-organizing systems, sensor networks, stabilization, and system safety and security.
Автор: Egle Walter P. Название: Economic Stabilization: Objective, Rules, and Mechanisms ISBN: 0691627282 ISBN-13(EAN): 9780691627281 Издательство: Wiley Рейтинг: Цена: 5544.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
A theoretical discussion of the problem of achieving economic stabilization. Mr. Egle offers a commonsense compromise between those who would use only automatic devices to counteract business swings and those who would give the government great discretionary powers.
Originally published in 1952. The Princeton Legacy Library uses the latest print-on-demand technology to again make available previously out-of-print books from the distinguished backlist of Princeton University Press. These editions preserve the original texts of these important books while presenting them in durable paperback and hardcover editions. The goal of the Princeton Legacy Library is to vastly increase access to the rich scholarly heritage found in the thousands of books published by Princeton University Press since its founding in 1905.
Автор: Wallace Название: An Ecosystem Approach to Economic Stabilization ISBN: 1138831867 ISBN-13(EAN): 9781138831865 Издательство: Taylor&Francis Рейтинг: Цена: 22968.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
The creation of economic institutions that can function well under substantial uncertainties -- Black Swans -- is analogous to the dilemmas confronting our hunter-gatherer forefathers in the face of large-scale ecological unpredictability. The ultimate solution was not the development of a super hunter-gatherer technology that could ride out repeated catastrophe, but rather the invention, in neolithic times, of culturally-adapted 'farmed' ecosystems constructed to maximize food yield and minimize risks of famine.
Recent advances in evolutionary and ecosystem theory applied to economic structure and process may permit construction of both new economic theory and new tools for data analysis that can help in the design of more robust economic institutions. This may result in less frequent and less disruptive transitions, and enable the design of culturally-specific systems less affected by those that do occur.
This unique and innovative book applies cutting-edge methods from cognitive science and evolutionary theory to the problem of the necessary stabilization of economic processes. At the core of this book is the establishment of a statistics-like toolbox for the study of empirical data that is consistent with generalized evolutionary approaches. This toolbox enables the construction of both new economic theories and methods of data analysis that can help in the design of more robust economic institutions. This in turn will result in less frequent and less disruptive Black Swans, and enable as well the design of culturally-specific systems less affected by those that do occur.
Описание: This monograph explores the modeling of conservation and balance laws of one-dimensional hyperbolic systems using partial differential equations. It presents typical examples of hyperbolic systems for a wide range of physical engineering applications, allowing readers to understand the concepts in whichever setting is most familiar to them. With these examples, it also illustrates how control boundary conditions may be defined for the most commonly used control devices.The authors begin with the simple case of systems of two linear conservation laws and then consider the stability of systems under more general boundary conditions that may be differential, nonlinear, or switching. They then extend their discussion to the case of nonlinear conservation laws and demonstrate the use of Lyapunov functions in this type of analysis. Systems of balance laws are considered next, starting with the linear variety before they move on to more general cases of nonlinear ones. They go on to show how the problem of boundary stabilization of systems of two balance laws by both full-state and dynamic output feedback in observer-controller form is solved by using a “backstepping” method, in which the gains of the feedback laws are solutions of an associated system of linear hyperbolic PDEs. The final chapter presents a case study on the control of navigable rivers to emphasize the main technological features that may occur in real live applications of boundary feedback control.Stability and Boundary Stabilization of 1-D Hyperbolic Systems will be of interest to graduate students and researchers in applied mathematics and control engineering. The wide range of applications it discusses will help it to have as broad an appeal within these groups as possible.
Автор: Scheinker Название: Model-Free Stabilization by Extremum Seeking ISBN: 3319507893 ISBN-13(EAN): 9783319507897 Издательство: Springer Рейтинг: Цена: 6986.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: With this brief, the authors present algorithms for model-free stabilization of unstable dynamic systems. An extremum-seeking algorithm assigns the role of a cost function to the dynamic system’s control Lyapunov function (clf) aiming at its minimization. The minimization of the clf drives the clf to zero and achieves asymptotic stabilization. This approach does not rely on, or require knowledge of, the system model. Instead, it employs periodic perturbation signals, along with the clf. The same effect is achieved as by using clf-based feedback laws that profit from modeling knowledge, but in a time-average sense. Rather than use integrals of the systems vector field, we employ Lie-bracket-based (i.e., derivative-based) averaging.The brief contains numerous examples and applications, including examples with unknown control directions and experiments with charged particle accelerators. It is intended for theoretical control engineers and mathematicians, and practitioners working in various industrial areas and in robotics.
Автор: Chen, Zhiyong Название: Stabilization and regulation of nonlinear systems. ISBN: 3319088335 ISBN-13(EAN): 9783319088334 Издательство: Springer Рейтинг: Цена: 12577.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание:
The core of this textbook is a systematic and self-contained treatment of the nonlinear stabilization and output regulation problems. Its coverage embraces both fundamental concepts and advanced research outcomes and includes many numerical and practical examples. Several classes of important uncertain nonlinear systems are discussed. The state-of-the art solution presented uses robust and adaptive control design ideas in an integrated approach which demonstrates connections between global stabilization and global output regulation allowing both to be treated as stabilization problems.
Stabilization and Regulation of Nonlinear Systems takes advantage of rich new results to give students up-to-date instruction in the central design problems of nonlinear control, problems which are a driving force behind the furtherance of modern control theory and its application. The diversity of systems in which stabilization and output regulation become significant concerns in the mathematical formulation of practical control solutions-whether in disturbance rejection in flying vehicles or synchronization of Lorenz systems with harmonic systems-makes the text relevant to readers from a wide variety of backgrounds. Many exercises are provided to facilitate study and solutions are freely available to instructors via a download from springerextras.com.
Striking a balance between rigorous mathematical treatment and engineering practicality, Stabilization and Regulation of Nonlinear Systems is an ideal text for graduate students from many engineering and applied-mathematical disciplines seeking a contemporary course in nonlinear control. Practitioners and academic theorists will also find this book a useful reference on recent thinking in this field.
Автор: George Wypych Название: Handbook of UV Degradation and Stabilization ISBN: 1895198860 ISBN-13(EAN): 9781895198867 Издательство: Elsevier Science Рейтинг: Цена: 33518.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book, the second edition of the first monograph fully devoted to UV degradation and stabilization ever published in English, has 12 chapters discussing different aspects of UV related phenomena occurring when polymeric materials are exposed to UV radiation. In the introduction the existing literature has been reviewed to find out how plants, animals and humans protect themselves against UV radiation. This review permits evaluation of mechanisms of protection against UV used by living things and potential application of these mechanisms in protection of natural and synthetic polymeric materials. This is followed by chapters witha more detailed look at more specific aspects of UV degradation and stabilization.
Автор: Taylor Название: Stabilization and Growth in Developing Countries ISBN: 0415866111 ISBN-13(EAN): 9780415866118 Издательство: Taylor&Francis Рейтинг: Цена: 7042.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: Lance Taylor uses structuralist models to examine the issues of short-term fluctuations and long-term growth in developing economies.
Автор: Bonakdarpour Название: Stabilization, Safety, and Security of Distributed Systems ISBN: 3319492586 ISBN-13(EAN): 9783319492582 Издательство: Springer Рейтинг: Цена: 9224.00 р. Наличие на складе: Есть у поставщика Поставка под заказ.
Описание: This book constitutes the refereed proceedings of the 18th International Symposium on Stabilization, Safety, and Security of Distributed Systems, SSS 2016, held in Lyon, France, in November 2016.
This year the Program Committee was organized into three groups reflecting the major trends related to self-* systems: (a) Self-* and Autonomic Computing, (b)Foundations, and (c) Networks, Multi-Agent Systems, and Mobility.
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