Results 41 to 50 of about 1,180 (130)
A transparent approach to solving linear rational expectation models
Abstract This paper proposes a simple iterative method—time iteration—to solve linear rational expectation models. I prove that this method converges to the desired stable solution, and provide the conditions under which the solution is unique. Apart from its transparency and simplicity of implementation, the method provides a straightforward approach ...
Pontus Rendahl
wiley +1 more source
Optimal Taxation of Capital in the Presence of Declining Labor Share
ABSTRACT We analyze the implications of the decline in labor's share in national income for optimal Ramsey taxation. It is optimal to accompany the decline in labor share by raising capital taxes only if the labor share is falling because of a decline in competition or other mechanisms that raise the share of pure profits.
Orhan Erem Atesagaoglu, Hakki Yazici
wiley +1 more source
Fractional gaussian noise: Spectral density and estimation methods
The fractional Brownian motion (fBm) process, governed by a fractional parameter H∈(0,1), is a continuous‐time Gaussian process with its increment being the fractional Gaussian noise (fGn). This article first provides a computationally feasible expression for the spectral density of fGn.
Shuping Shi, Jun Yu, Chen Zhang
wiley +1 more source
The Contribution of the Social and Solidarity Economy to Economic Growth
ABSTRACT This work extends the basic analytical framework of macroeconomic growth to encompass the notion of social inclusion and to reduce the inconsistencies between growth and development. Specifically, we introduce the social and solidarity economy (SSE) into the macroeconomic debate on economic growth to acknowledge and making visible its ...
Andrea Salustri+4 more
wiley +1 more source
Dominating the Erdos-Moser theorem in reverse mathematics
The Erdos-Moser theorem (EM) states that every infinite tournament has an infinite transitive subtournament. This principle plays an important role in the understanding of the computational strength of Ramsey's theorem for pairs (RT^2_2) by providing an ...
Patey, Ludovic
core +1 more source
AbstractWe establish a stochastic extension of Ramsey's theorem. Any Markov chain generates a filtration relative to which one may define a notion of stopping times.
openaire +2 more sources
Macdonald Before Quine on Truth by Convention
ABSTRACT I show that Margaret Macdonald anticipated Quine's well‐known criticisms of logical conventionalism in her unpublished 1934 PhD thesis, but that she later developed her criticisms in a direction distinct from that of Quine under the influence of Wittgenstein. Macdonald rejected as senseless the suggestion that statements of logical truth admit
Oliver Thomas Spinney
wiley +1 more source
A Sharper Ramsey Theorem for Constrained Drawings
ABSTRACT Given a graph G and a collection C of subsets of R d indexed by the subsets of vertices of G, a constrained drawing of G is a drawing where each edge is drawn inside some set from C, in such a way that nonadjacent edges are drawn in sets with disjoint indices. In this paper we prove a Ramsey‐type result for such drawings.
Pavel Paták
wiley +1 more source
ABSTRACT Tourism serves as a critical driver of economic development, yet its relationship with macroeconomic and socio‐political factors remains underexplored in emerging economies like Bangladesh. This study examines the long‐run and short‐run impacts of macroeconomic drivers, including CO₂ emissions, GDP growth, inflation, population growth, road ...
Bapon Chandra Kuri+4 more
wiley +1 more source