On sunspot fluctuations in variable capacity utilization models
نویسندگان
چکیده
منابع مشابه
Analysis of Sunspot Number Fluctuations
Monthly averages of the sunspot number visible on the sun, observed from 1749, Zurich Observatory, and from 1848 other observatories, have been analyzed. This time signal presents a frequency power spectra with a clear 1/f behavior with α ≃ 0.8±0.2. The well known cycle of approximately 11 years, clearly present in the spectrum, does not produce a sensible distortion of that behavior. The event...
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The usual conclusion in the literature is that sunspots reduce welfare because of the agents risk aversion. However, if sunspots can lead to escape from an inferior steady state (poverty trap), this conclusion does not necessarily hold. Escaping trajectories can have much higher welfare than those remaining in the poverty trap. The expost welfare effect can be positive for initial conditions ...
متن کاملBHP universality in sunspot numbers fluctuations
We analyze the famous Wolf’s sunspot numbers. The time series shows a mean period with duration of 133 months. We observed that the mean period consists of two equal sized phases, descendent and ascendent, that can be well fitted by two ortogonal lines. The sunspot numbers standard deviation period is well fitted by a sine function. We discovered that the distribution of the sunspot number fluc...
متن کاملon some bayesian statistical models in actuarial science with emphasis on claim count
چکیده ندارد.
15 صفحه اولSunspot equilibria with persistent unemployment fluctuations∗
We provide a business cycle model able to replicate the large amount of persistence in output and unemployment fluctuations found in the data. These variations in the unemployment rate are the result of self-fulfilling changes in expectations about future inflation in the wage bargaining process between workers of firms. ∗Financial support from the Agence Nationale de la Recherche (ANR) is grat...
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ژورنال
عنوان ژورنال: Journal of Mathematical Economics
سال: 2018
ISSN: 0304-4068
DOI: 10.1016/j.jmateco.2018.03.003