Policy implications in an adaptive financial economy

Article Abstract:

The relationship between government policies and the discrete-time-flex-price production macroeconomy consisting of households with less-than-perfect economic information are examined. Specifically, a state-space model of the economic structure was developed for forecasting the subjective probability distribution. The latter is a measure of future uncertainty caused by fiscal, income tax and monetary policy shocks.

Monetary policy

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Credit and risk in rural developing economies

Article Abstract:

A study is conducted to examine the risks and benefits involved in credit management. The study also analyzes the role of credit on rural household economy development.

Credit Management, Economic aspects, Credit

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Adaptive expectations coordination in an economy with heterogeneous agents

Article Abstract:

The author shows two ways in which heterogenous agents can interfere with economic analysis.

Economic conditions

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