Uncertainty dynamics in a model of economic inequality

Agricultural Economic Dynamics in a Bayesian DSGE Model for Iran

I ran’s economy is suffering from sharp and persistent economic shocks and agriculture plays an undeniable role in its economic growth and development. The aim of this paper is to study the relative contributions of various macroeconomic shocks to generating fluctuations in Iran’s agriculture sector. To do so, a Dynamic Stochastic General Equilibrium (DSGE) model, emphasizing on the ...

A MODEL FOR EVOLUTIONARY DYNAMICS OF WORDS IN A LANGUAGE

Human language, over its evolutionary history, has emerged as one of the fundamental defining characteristic of the modern man. However, this milestone evolutionary process through natural selection has not left any ’linguistic fossils’ that may enable us to trace back the actual course of development of language and its establishment in human societies. Lacking analytical tools to fathom the cr...

Numerical modeling of economic uncertainty

Representation and modeling of economic uncertainty is addressed by different modeling methods, namely stochastic variables and probabilities, interval analysis, and fuzzy numbers, in particular triple estimates. Fo-cusing on discounted cash flow analysis numerical results are presented, comparisons are made between alter-native modeling methods, and characteristics of the methods are discussed.

Globalization And Inequality In Different Economic Blocks

Model uncertainty in economic impacts of climate change: Bernoulli versus Lotka Volterra dynamics.

The dynamic economic behavior in most integrated assessment models linking economic growth to climate change involves a differential equation solved by Jacob Bernoulli in 1695. Using the dynamic integrated climate economy (DICE) model and freezing exogenous variables at initial values, this dynamic is shown to produce implausible projections on a 60-year time frame. If world capital started at ...