scholarly journals Beliefs asymmetry and price stability in a cobweb model

2021 ◽  
Author(s):  
Michele Berardi
Keyword(s):  
Price Stability ◽  
Cobweb Model

The long-run stability of a small, open economy under crawling peg regime

2002 ◽  
Vol 52 (1) ◽  
pp. 57-78
Author(s):  
S. Çiftçioğlu
Keyword(s):  
Exchange Rate ◽  
Open Economy ◽  
Risk Premium ◽  
Small Open Economy ◽  
Exchange Rate Policy ◽  
Price Stability ◽  
Output Stability ◽  
Long Run ◽  
The Exchange Rate ◽  
The Impact

The paper analyses the long-run (steady-state) output and price stability of a small, open economy which adopts a “crawling-peg” type of exchange-rate regime in the presence of various kinds of random shocks. Analytical and simulation results suggest that with the exception of money demand shocks, an exchange rate policy which involves a relatively higher rate of indexation of the exchange rate to price level is likely to lead to the worsening of price stability for all types of shocks. On the other hand, the impact of adopting such a policy on output stability depends on the type of the shock; for policy shocks to the exchange rate and shocks to output demand, output stability is worsened whereas for the shocks to risk premium of domestic assets, supply price of domestic output and the wage rate, better output stability is achieved in the long run.

An Analysis of Abalone Over-Farming in China: Based on a Cobweb Model Under Restriction of Carrying Capacity

2019 ◽  
Vol 38 (2) ◽  
pp. 449
Author(s):  
Gang Zhou ◽  
Yongtong Mu ◽  
Zhuo Chen ◽  
Su Wang
Keyword(s):  
Carrying Capacity ◽  
Cobweb Model

Towards Price Stability in Tanzania During Economic Reforms: Does Fiscal Discipline Matter?

2012 ◽  
Author(s):  
Michael O. A. Ndanshau ◽  
Flaviana P. Nyasebwa
Keyword(s):  
Economic Reforms ◽  
Price Stability ◽  
Fiscal Discipline

Some Costs and Benefits of Price Stability in the U.K.

1998 ◽  
Author(s):  
Hasan Bakhshi ◽  
Andrew Haldane ◽  
Neal Hatch
Keyword(s):  
Price Stability ◽  
Costs And Benefits

Price Stability and Monetary Expansion: An Impirical Study

1972 ◽  
Vol 14 (2) ◽  
pp. 177
Author(s):  
P. R. Rao ◽  
Balbir Singh
Keyword(s):  
Price Stability ◽  
Monetary Expansion

Speculation and Price Stability: A Note

1966 ◽  
Vol 74 (2) ◽  
pp. 206-207 ◽  
Author(s):  
B. S. Yamey
Keyword(s):  
Price Stability

scholarly journals Adverse Selection, Heterogeneous Beliefs, and Evolutionary Learning

2021 ◽  
Author(s):  
Clemens Buchen ◽  
Alberto Palermo
Keyword(s):  
Adverse Selection ◽  
Relative Size ◽  
Nonlinear Dynamic System ◽  
Heterogeneous Beliefs ◽  
Evolutionary Learning ◽  
Common Assumption ◽  
Cobweb Model ◽  
The Common ◽  
Learning Set ◽  
Set Up

AbstractWe relax the common assumption of homogeneous beliefs in principal-agent relationships with adverse selection. Principals are competitors in the product market and write contracts also on the base of an expected aggregate. The model is a version of a cobweb model. In an evolutionary learning set-up, which is imitative, principals can have different beliefs about the distribution of agents’ types in the population. The resulting nonlinear dynamic system is studied. Convergence to a uniform belief depends on the relative size of the bias in beliefs.

On the Evolution of Money and its Implications for Price Stability

2000 ◽  
Vol 14 (4) ◽  
pp. 373-393 ◽  
Author(s):  
Paul Dalziel
Keyword(s):  
Price Stability
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