Banking in computable general equilibrium economies
Article Abstract:
A model of a computable general equilibrium economy focusing on the banking sector was developed. The model presents banks as intermediaries between households and between household and government sectors. Households borrow from and save in banks for their financial needs while banks use these savings for government and reserve purchases. The model analyzes monetary and tax policy welfare costs and examines interest rate policy effects.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 1992
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Stochastic equilibrium: learning by exponential smoothing
Article Abstract:
The authors develop mathematical tools to analyze stochastic learning for equilibrium behavior and ergodicity.
Publication Name: Journal of Economic Dynamics & Control
Subject: Economics
ISSN: 0165-1889
Year: 2003
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