Evolution and market behavior
Article Abstract:
An analysis of the evolutionary processes governing market behavior is presented. The processes are conditioned by wealth exchanges between investors. Investments are based on expected growth rates of shares. Focus is given on rationality and fitness of investment decisions. It is shown that fit rules based on investor expectations are not necessarily rational, while rational rules are not necessarily fit.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 1992
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Investment and interest rate policy
Article Abstract:
Research describing the functionality of interest rate policies in competition-sticky price models is presented. Particular attention is given to differences between passive and active interest rates, as well as to the effects of nominal interest increases.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2001
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Optimal random monetary policy with nominal rigidity
Article Abstract:
The author reduces the effects of imperfect competition on monetary policy.
Publication Name: Journal of Economic Theory
Subject: Economics
ISSN: 0022-0531
Year: 2003
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