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Economic Cycles of Carnot Type [PDF]
Entropy, 2021 Originally, the Carnot cycle was a theoretical thermodynamic cycle that provided an upper limit on the efficiency that any classical thermodynamic engine can achieve during the conversion of heat into work, or conversely, the efficiency of a refrigeration system in creating a temperature difference by the application of work to the system.
Constantin Udriste +2 more
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A theory of political and economic cycles [PDF]
Journal of Economic Theory, 2014 We develop a theoretical framework in which political and economic cycles are jointly determined. These cycles are driven by three political economy frictions: policymakers are non-benevolent, they cannot commit to policies, and they have private information about the tightness of the government budget and rents.
Laurence Ales +2 more
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Economical Elimination of Cycles in the Torus [PDF]
Combinatorics, Probability and Computing, 2009 Let m > 2 be an integer, let C2m denote the cycle of length 2m on the set of vertices [−m, m) = {−m, −m + 1, . . ., m − 2, m − 1}, and let G = G(m, d) denote the graph on the set of vertices [−m, m)d, in which two vertices are adjacent if and only if they are adjacent in C2m in one coordinate, and equal in all others. This graph can be viewed as the
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An economical business-cycle model [PDF]
Oxford Economic Papers, 2014 AbstractThis article develops a new model of business cycles. The model is economical in that it is solved with an aggregate demand–aggregate supply diagram, and the effects of shocks and policies are obtained by comparative statics. The model builds on two unconventional assumptions.
Michaillat, Pascal, Saez, Emmanuel
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The economics of seasonal cycles [PDF]
, 2008 Since macroeconomists first began the systematic study of aggregate data, they have grappled with the fact that most economic time series exhibit substantial seasonal variation. In general, macroeconomists abstract from this seasonal variation, both in their models of cyclical behavior and in their empirical testing of these models.
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Predicting Cycles in Economic Activity [PDF]
SSRN Electronic Journal, 2008 Predicting cycles in economic activity is one of the more challenging but important aspects of economic forecasting. This paper reports the results from estimation of binary probit models that predict the probability of an economy being in a recession using a variety of financial and real activity indicators.
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The Economics of Life-Cycle Hypothesis
Interdisciplinary Management Research XVII (IMR 2021): Book of Proceedings, 2021 The purpose of this paper is to discuss the Lifecycle Hypothesis as an attempt to explain the relationship between income, consumption and savings over the life course of an individual.
Barković, Dražen +1 more
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Investigating Economic Trends and Cycles [PDF]
, 2009 Methods are described for extracting the trend from an economic data sequence and for isolating the cycles that surround it. The latter often consist of a business cycle of variable duration and a perennial seasonal cycle.
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An Empirical Study of Economic Cycle, Air Quality, and National Health Since Reform and Opening Up. [PDF]
Front Public Health, 2021 Chai KC, Li Q, Bao XL, Zhu J, He XX.
europepmc +1 more source