Economic Models - Convex Optimization

Index 225
optimal currency area, 175
optimization, 3, 4, 7, 16, 44, 49, 91, 107,
110–112
organizational culture, 130, 137–139, 142,
144
output gap, 72, 77–82, 179–183, 187, 189,
191
Pareto-improvement, 110
Pareto-inferior, 116
Phillips curve, 87, 98, 178
Poland, 173–177, 181, 182, 185, 187, 188,
190–193, 195, 197, 198
primary deficit, 72, 79
pro-cyclicality, 85, 87
product modeling, 122
productivity, 175
pseudo-inverse, 26
public sector deficit, 84
quadratic function, 10
quality circle, 141
rational expectations, 44, 86, 179
reduced form, 44, 46, 48, 58, 59, 82, 84,
179
reduced form coefficients, 44, 46, 48
regulator, 76, 101–111, 113–117
regulator’s trustworthiness, 115
residuals, 24, 30, 35, 36, 39, 54, 179, 184,
185, 187, 188, 191, 194
resource information, 122
Ricatti-equations, 45
robustness, 55
sequential Nash game, 103, 107
short-run stabilization, 70, 76, 80
simplex algorithm, 6, 15
singular value, 26–28, 31, 33
Skiba point, 112, 115, 116
Slovenia, 173–177, 181–183, 185,
190–193, 196, 197, 200
stability, 11, 54, 55, 57, 74, 76, 80–84, 95,
113, 144, 176, 178, 184, 185, 191, 193,
201, 202, 204–206, 210, 211, 214, 218,
220
stabilization policy, 43, 71
standard deviation, 30, 32–34
state variable form, 49, 50
statically optimal, 109, 113
steady-state, 82, 83
structural deficit, 79, 80
structural model, 44, 49, 178
symmetric stabilization, 75
tax revenue, 50, 51, 57, 58, 60, 82, 83, 95,
96, 104, 106
Theil’s inequality, 206, 218
time varying responses, 43
time-invariant econometric model, 47
time-varying model, 44, 47
TQM, 141, 142, 144
transition, 45, 50, 54, 173–176, 178–180,
185, 186, 188, 189, 191, 192
transmission of monetary policy, 173, 178,
179, 190, 192, 203
UK government, 69
underutilization, 158, 160
unstable middle equilibrium, 115
updating method, 44, 46
US economy, 201, 202, 204, 218, 220
VAR, 23, 25, 27, 28, 32, 44, 178, 201, 205,
207, 213, 220