Concept

Long run and short run

Publications associées (43)

Natural Expectations, Macroeconomic Dynamics, and Asset Pricing

How does an economy behave if (1) fundamentals are truly hump-shaped, exhibiting momentum in the short run and partial mean reversion in the long run, and (2) agents do not know that fundamentals are hump-shaped and base their beliefs on parsimonious model ...

University of Chicago Press2012

Price Theory in Economics

Thomas Alois Weber

This paper reviews topics in price theory such as rational choice, Walrasian equilibria, complete and incomplete markets, externalities and nonmarket goods, strategic pricing with complete and incomplete information, and some behavioral anomalies. Contains ...

EPFL2012

Parameter Learning in General Equilibrium: The Asset Pricing Implications

Pierre Collin Dufresne

Parameter learning strongly amplifies the impact of macro shocks on marginal utility when the representative agent has a preference for early resolution of uncertainty. This occurs as rational belief updating generates subjective long-run consumption risks ...

Columbia Business School2012

Price Theory in Economics

Thomas Alois Weber

This article describes how prices are treated in economic theory. Section 17.2 begins by introducing the concepts of ‘rational preference’ and ‘utility function’, which are standard building blocks of models that attempt to explain choice behaviour. Sectio ...

Oxford University Press2012

Neoclassical equilibria as starting point for global gyrokinetic microturbulence simulations

Jonathan Graves, Laurent Villard, Stephan Brunner, Trach-Minh Tran, Alberto Bottino, Sébastien Jolliet, Ben McMillan, Thibaut Vernay

The implementation of linearized operators describing inter- and like-species collisions in the global gyrokinetic particle-in-cell code ORB5 [ S. Jolliet, Comput. Phys. Commun. 177, 409 (2007) ] is presented. A neoclassical axisymmetric equilibrium with s ...

American Institute of Physics2010

Global Collisional Gyrokinetic Simulations of ITG Microturbulence Starting from a Neoclassical Equilibrium

Olivier Sauter, Laurent Villard, Stephan Brunner, Trach-Minh Tran, Alberto Bottino, Sébastien Jolliet, Ben McMillan, Thibaut Vernay

Linearized operators describing inter-species and like-species collisions have been discretized and implemented in the gyrokinetic Particle-In-Cell (PIC) code ORB5 [S. Jolliet, Comp. Phys. Comm. 177, 409 ( 2007)] based on the delta-f approach. Simulation r ...

Iop Publishing Ltd, Dirac House, Temple Back, Bristol Bs1 6Be, England2010

Global collisional gyrokinetic simulations of ITG microturbulence starting from a neoclassical equilibrium

Olivier Sauter, Laurent Villard, Stephan Brunner, Trach-Minh Tran, Alberto Bottino, Sébastien Jolliet, Ben McMillan, Thibaut Vernay

Iop Publishing Ltd, Dirac House, Temple Back, Bristol Bs1 6Be, England2010

The influence of regulatory uncertainty on investments

Bastian Wolfgang Schwark

Understanding firm reactions to regulatory uncertainty is vital for the functioning of a market. Deficient investments, particularly in the power generation sector, could jeopardize the market in the long run. ...

2009

A Rate-based Prefiltering Approach to BLAST Acceleration

Dionysios Pnevmatikatos, Sotiria Fytraki

DNA sequence comparison and database search have evolved in the last years as a field of strong competition between several reconfigurable hardware computing groups. In this paper we present a BLAST preprocessor that efficiently marks the parts of the data ...

2008

Long Run Forward Rates and Long Yields of Bonds and Options in Heterogeneous Equilibria

Semyon Malamud

We prove that, in a heterogeneous economy with scale-invariant utilities, the yield of a long term bond is determined by the agent with maximal expected marginal utility. We also prove that the same result holds for the long term forward rates. Furthermore ...

2008

Graph Chatbot

Chattez avec Graph Search

Posez n’importe quelle question sur les cours, conférences, exercices, recherches, actualités, etc. de l’EPFL ou essayez les exemples de questions ci-dessous.

AVERTISSEMENT : Le chatbot Graph n'est pas programmé pour fournir des réponses explicites ou catégoriques à vos questions. Il transforme plutôt vos questions en demandes API qui sont distribuées aux différents services informatiques officiellement administrés par l'EPFL. Son but est uniquement de collecter et de recommander des références pertinentes à des contenus que vous pouvez explorer pour vous aider à répondre à vos questions.

Connectez-vous pour utiliser Chat avec Graph Search