Volatility Accounting: A Production Perspective on Increased Economic Stability

A Multiobjective Optimization Perspective on the Stability of Economic MPC

We interpret economic MPC as a scheme that trades off economic performance and stability. We use this notion to design an economic MPC controller that exploits the inherent robustness of a stable auxiliary MPC controller to enhance economic performance. Specifically, we incorporate a flexible stabilizing constraint to the economic MPC formulation that preserves stability of the auxiliary contro...

A fundamentalist perspective on accounting and implications for accounting research

This paper presents a framework for addressing normative accounting issues for reporting to shareholders. The framework is an alternative to the emerging Conceptual Framework of the International Accounting Standards Board and the Financial Accounting Standards Board. The framework can be broadly characterized as a utilitarian approach to accounting standard setting. It has two main features. F...

On the ( lack of ) stability of communes : an economic perspective /

Economic Freedom and Economic Volatility

Theory suggests that economic freedom—measured by the Economic Freedom of the World Index (EFW) -may increase or decrease economic volatility. Similar to previous literature, we empirically test the relationship between economic freedom and economic volatility, but we differ from the literature in how we account for (1) changes in EFW, and (2) the nonlinear relationship between freedom and vola...

Globalization and economic volatility

Businesses and households face substantial idiosyncratic and aggregate economic risk. As a general principle, economic risk for businesses reflects the myriad of factors that impact the profitability of the business, while for individuals economic risk reflects the myriad of factors that impact the earnings and employment outcomes of household members. While aggregate risk gets most of the head...