Consumption & class in evolutionary macroeconomics

Intermediate Macroeconomics: Consumption

Consumption is the largest expenditure component in the US economy, accounting for between 60-70 percent of total GDP. In this set of notes we study consumption decisions. In micro you probably studied how people choose consumption among different goods in the cross-section: for example, how many apples and oranges to consume. In macro we study consumption in the time series dimension: how much...

The Microfoundations of Macroeconomics: An Evolutionary Perspective

A Class of Nonlinear Second Order Difference Equations from Macroeconomics

where the constant A,, = Co + I0 + Go represents the sum of the minimum consumption, the “autonomous” investment and the fixed government spending in period n, and Y, is the output--GNP or national income-in period n. The net investment amount in the same period is given as Z, = ac( Y,I Y,-,). The constant c E (0, 1) represents Keynes ’ “marginal propensity to consume” or the MPC, while the coe...

economic optimization and energy consumption in tray dryers

دراین پروژه به بررسی مدل سازی خشک کردن مواد غذایی با استفاده از هوای خشک در خشک کن آزمایشگاهی نوع سینی دار پرداخته شده است. برای آنالیز انتقال رطوبت در طی خشک شدن به طریق جابجایی، یک مدل لایه نازک برای انتقال رطوبت، مبتنی بر معادله نفوذ فیک در نظر گفته شده است که شامل انتقال همزمان جرم و انرژی بین فاز جامد و گاز می باشد. پروفایل دما و رطوبت برای سه نوع ماده غذایی شامل سیب زمینی، سیب و موز در طی...

Essays in Macroeconomics

This dissertation consists of three essays which investigate the economic implications of monetary and fiscal policies on the macroeconomy. The first essay focuses on the following question: how can we explain the observed behavior of aggregate inflation in response to e.g. monetary policy changes? Mankiw and Reis (2002) have proposed sticky information as an alternative to Calvo sticky prices ...