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One of the more important questions in the area of quantitative economic
policy concerns the suitability of optimal control theory for economic
stabilization problems. Despite extensive theoretical ...
Recent Developments in the Theory of Stabilization Policy
Recent Developments Stabilization Policy
2015/8/5
During the past decade the theoretical framework underlying
macroeconomic stabilization analysis has undergone a number of significant
developments. Theories designed to explain the crucial linkage
...
The non-stochastic model which is the focus of discussion in Part I of the book consists of
three assets (money, government bonds, and equities) and three sectors (households, firms, and
government)...
Housing Assignment with Restrictions: Theory and Evidence from Stanford University’s Campus
Restrictions Theory and Evidence
2015/7/23
In our leading example, buyers affiliated
with Stanford University have exclusive access
to houses on campus.1
We begin by presenting
evidence on house prices on and right around
Stanford’s ...
NO PAIN, NO GAIN: THE CRIMINAL ABSENCE OF THE EFFICIENT CAPITAL MARKETS THEORY FROM INSIDER TRADING SENTENCING
defendant's gains statutory prohibition criminal sentencing disclosure regulation
2011/9/12
The article stresses the need of the U.S. courts to look to the date that the information on insider trading was disclosed to determine the amount of the defendant's gains. It discusses the statutory ...
The rigidity of a matrix A for target rank r is the minimum number of entries of A that must be changed to ensure that the rank of the altered matrix is at most r.
Ping Chen, "Microfoundations of Macroeconomic Fluctuations and the Laws of Probability Theory: the Principle of Large Numbers vs. Rational Expectations Arbitrage," Journal of Economic Behavior & Organ...