Nominal rigidity and monetary uncertainty in a small open economy

Article Abstract:

The economic effect of nominal rigidity and monetary uncertainty was assessed in a country with open economy. Nominal rigidities monetary uncertainty's effect in an open economy tends to be significant when the arrival of a signal warning, which informs financial variability, is perceived as an unforseen risk. Such condition undermines the exchange rate and energizes economic output.

Foreign exchange, Monetary policy

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Complementarity problems in GAMS and the PATH solver

Article Abstract:

The complementarity problem is examined in detail using the GAMS language and PATH solver, from a background derived from economics.

Mathematical research

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Optimal consumption of a divisible durable good

Article Abstract:

Optimal consumption is examined for a durable good that is divisable in an economy with continuous time.

Economic aspects, Consumption (Economics), Durable goods

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