We discuss a fully dynamical microeconomic model where inflation appears as the response of an unstable system to stochastic noise and/or time discretisation of the dynamics. In the model economic agents fix prices and production volumes following simple, robust, suboptimal rules. A global parameter
โฆ LIBER โฆ
Modeling the expectations of inflation in the OLG model with genetic programming
โ Scribed by S.H. Chen; C.H. Yeh
- Publisher
- Springer
- Year
- 1999
- Tongue
- English
- Weight
- 278 KB
- Volume
- 3
- Category
- Article
- ISSN
- 1432-7643
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