Automated Theorem Proving - Home ANU
... Let the theorem prover prove that the three coloring formula (see previous slide) + specific graph (as a formula) is satisfiable To solve problem instances a constraint solver is usually much more efficient than a theorem prover (e.g. use a SAT solver) Theorem provers are not even guaranteed to term ...
... Let the theorem prover prove that the three coloring formula (see previous slide) + specific graph (as a formula) is satisfiable To solve problem instances a constraint solver is usually much more efficient than a theorem prover (e.g. use a SAT solver) Theorem provers are not even guaranteed to term ...
ABSTRACT Title of Document:
... fixed exchange rate(s) for current account transactions (commercial exchange rate). In other words, a dual regime is equivalent to a fixed regime with capital controls. Using the Reinhart-Rogoff (2002) exchange rate regime classification for 23 emerging markets, we find that more than 60 percent of ...
... fixed exchange rate(s) for current account transactions (commercial exchange rate). In other words, a dual regime is equivalent to a fixed regime with capital controls. Using the Reinhart-Rogoff (2002) exchange rate regime classification for 23 emerging markets, we find that more than 60 percent of ...
Fiscal Stimulus and Distortionary Taxation Harald Uhlig Thorsten Drautzburg January 8, 2010
... Remaining deficit, prior to new debt and labor taxes ... ft = gov.spend.+subs.+old debt repaym.−cons.tax rev.,cap.tax rev. ... needs to be financed: lab.tax rev. + new debt = ft Steady state debt level, steady state taxes: f̄ . Tax rule: lab.tax rev.t − lab.tax rev. = ψτ (ft − f̄ ) ...
... Remaining deficit, prior to new debt and labor taxes ... ft = gov.spend.+subs.+old debt repaym.−cons.tax rev.,cap.tax rev. ... needs to be financed: lab.tax rev. + new debt = ft Steady state debt level, steady state taxes: f̄ . Tax rule: lab.tax rev.t − lab.tax rev. = ψτ (ft − f̄ ) ...
Chapter 1: Introduction to the ONS Productivity Handbook
... Whether productivity is observed as a growth rate or a level, the general term still covers a wide range of measures. These measures are individually defined and named for the types of input and output data they are constructed from. The two most well-known productivity measures are labour productiv ...
... Whether productivity is observed as a growth rate or a level, the general term still covers a wide range of measures. These measures are individually defined and named for the types of input and output data they are constructed from. The two most well-known productivity measures are labour productiv ...
CHAP1.WP (Word5)
... aggregate supply (SAS) curve is stressed in Figure 8-4. This figure shows that the effect of an expansion in aggregate demand on equilibrium real GDP and prices cannot be determined without knowing the precise shape of the SAS curve. Section 8-5 derives the SAS curve on the assumption that firms are ...
... aggregate supply (SAS) curve is stressed in Figure 8-4. This figure shows that the effect of an expansion in aggregate demand on equilibrium real GDP and prices cannot be determined without knowing the precise shape of the SAS curve. Section 8-5 derives the SAS curve on the assumption that firms are ...
The spontaneous generation of excess and its capitalist capture
... David Ricardo, which is precisely the target of Marx’s critique. In both strands of thinking about the economy, there is the recognition, taken almost for granted, that there is excess: there is more in the end than was there in the beginning. It is assumed, in other words, that the product has more ...
... David Ricardo, which is precisely the target of Marx’s critique. In both strands of thinking about the economy, there is the recognition, taken almost for granted, that there is excess: there is more in the end than was there in the beginning. It is assumed, in other words, that the product has more ...
Demand-Led Growth Theory: An Historical Approach
... Our main concern will be with constructing an analytical framework that identifies the complex of factors that inform a historically-based explanation of growth and economic development consistent with demand-led theory. In section 2 of the paper we build a ‘super-multiplier’ growth model in which u ...
... Our main concern will be with constructing an analytical framework that identifies the complex of factors that inform a historically-based explanation of growth and economic development consistent with demand-led theory. In section 2 of the paper we build a ‘super-multiplier’ growth model in which u ...
Federal Reserve Bank of Boston © o
... disproportionately weight its region’s economic performance, while its president may have a stronger national focus. McNees (1993) shows that the discount rate recommendation of most local boards is based on national conditions, but that several boards also rely on regional performance, while Tootel ...
... disproportionately weight its region’s economic performance, while its president may have a stronger national focus. McNees (1993) shows that the discount rate recommendation of most local boards is based on national conditions, but that several boards also rely on regional performance, while Tootel ...
AGGREGATION IN PRODUCTION FUNCTIONS: WHAT APPLIED
... predicting the effects upon the distribution of the national income of changes in technology or factor supplies (Ferguson 1968); (ii) to apportion total growth into the accumulation of factors of production, and technical change between two periods (Solow 1957); iii) to test theories and quantify th ...
... predicting the effects upon the distribution of the national income of changes in technology or factor supplies (Ferguson 1968); (ii) to apportion total growth into the accumulation of factors of production, and technical change between two periods (Solow 1957); iii) to test theories and quantify th ...
NBER WORKING PAPER SERIES EXCHANGE RATE VOLATILITY AND PRODUCTIVITY
... with consequences for innovation and growth, is that nominal wages are rigid for one period and preset before the realization of St . This in turn exposes …rms’ short-run pro…ts to an exchange rate risk as the value of sales will vary according to St whereas the wage bill will not.7 For simplicity, ...
... with consequences for innovation and growth, is that nominal wages are rigid for one period and preset before the realization of St . This in turn exposes …rms’ short-run pro…ts to an exchange rate risk as the value of sales will vary according to St whereas the wage bill will not.7 For simplicity, ...
In‡ation Targeting: Is the NKM …t for purpose? Peter N. Smith and
... interpretation. It assumes that expected future consumption (output) is given, which logically it is not as it is determined simultaneously with current consumption. Strictly, the Euler equation determines the response of the expected future change in consumption to an expected future change in the ...
... interpretation. It assumes that expected future consumption (output) is given, which logically it is not as it is determined simultaneously with current consumption. Strictly, the Euler equation determines the response of the expected future change in consumption to an expected future change in the ...
Fiscal Policy under Imperfect Competition with Flexible Prices: An
... where Ni ( j) represents the labour quantity hired by rm i, A > 0 is the (constant) marginal productivity of labour which for simplicity we normalise to A = 1, and Φ 0 is overhead or administrative labour13 . Production exhibits increasing returns to scale if Φ > 0 and constant returns to scale if Φ ...
... where Ni ( j) represents the labour quantity hired by rm i, A > 0 is the (constant) marginal productivity of labour which for simplicity we normalise to A = 1, and Φ 0 is overhead or administrative labour13 . Production exhibits increasing returns to scale if Φ > 0 and constant returns to scale if Φ ...
Quarterly National Accounts
... GDP growth rate for the first quarter of 2006 over to the corresponding quarter of 2005 is estimated at +7.2%. Growths were registered in all sectors except “Construction” (Table 2). “Agriculture, hunting, forestry and fishing” grew by 2.2% at the first quarter of 2006 compared to 0.2% at the last q ...
... GDP growth rate for the first quarter of 2006 over to the corresponding quarter of 2005 is estimated at +7.2%. Growths were registered in all sectors except “Construction” (Table 2). “Agriculture, hunting, forestry and fishing” grew by 2.2% at the first quarter of 2006 compared to 0.2% at the last q ...
Introduction to Management Science
... – Define the constraint in three consecutive cells. For example, if Quantity A ≤ Quantity B, put these three items (Quantity A, ≤, Quantity B) in consecutive cells. – Note the use of relative and absolute addressing to make it easy to copy formulas in column E. ...
... – Define the constraint in three consecutive cells. For example, if Quantity A ≤ Quantity B, put these three items (Quantity A, ≤, Quantity B) in consecutive cells. – Note the use of relative and absolute addressing to make it easy to copy formulas in column E. ...
Kalecki`s 1954 version
... opened up new vistas in the field on endogenous business cycle theory. Indeed, thanks to this innovation, Kalecki’s 1939 model avoids the main problem of dynamical linear models, whereby a small change in the value of the parameters may radically change the nature of the solution; especially by chan ...
... opened up new vistas in the field on endogenous business cycle theory. Indeed, thanks to this innovation, Kalecki’s 1939 model avoids the main problem of dynamical linear models, whereby a small change in the value of the parameters may radically change the nature of the solution; especially by chan ...
Uncertainty Shocks in a Model of Effective Demand No. 12-15
... Great Recession and persistently slow recovery, then increased uncertainty should reduce output and its components. In this paper, we show why competitive, one-sector, closed-economy models generally cannot generate business-cycle comovements in response to changes in uncertainty. Under reasonable a ...
... Great Recession and persistently slow recovery, then increased uncertainty should reduce output and its components. In this paper, we show why competitive, one-sector, closed-economy models generally cannot generate business-cycle comovements in response to changes in uncertainty. Under reasonable a ...
Short description of models available in MMB 2.0
... amount of hours. Clarida et al. (2002) introduce an exogenous time-varying elasticity of labor demand to vary the wage-mark-up over time. The system of equations is collapsed into an IS equation and a Phillips curve, which determine the output gap and inflation, conditional on the path of the nomina ...
... amount of hours. Clarida et al. (2002) introduce an exogenous time-varying elasticity of labor demand to vary the wage-mark-up over time. The system of equations is collapsed into an IS equation and a Phillips curve, which determine the output gap and inflation, conditional on the path of the nomina ...
Frank Plumpton Ramsey: The Economic Phenomenon Who Died
... Although F. P. Ramsey (1903–1930) died aged nearly 27, he managed to publish a few pioneering works in mathematics, logic and philosophy. But this article deals with his work in the field of general economic theory only. We can identify four topics in his three economic contributions. By all means t ...
... Although F. P. Ramsey (1903–1930) died aged nearly 27, he managed to publish a few pioneering works in mathematics, logic and philosophy. But this article deals with his work in the field of general economic theory only. We can identify four topics in his three economic contributions. By all means t ...
chapter 11
... widens, inflation increases. B) when the gap between the growth rate of money supply and the growth rate of real GDP widens, inflation decreases. C) when the gap between the growth rate of money supply and the growth rate of real GDP widens, real interest rates increase. D) when the gap between the ...
... widens, inflation increases. B) when the gap between the growth rate of money supply and the growth rate of real GDP widens, inflation decreases. C) when the gap between the growth rate of money supply and the growth rate of real GDP widens, real interest rates increase. D) when the gap between the ...
Lecture Notes - Wiwi Uni
... is the GDP for April to June 2001. The data are then converted to yearly numbers (basically by multiplying them by 4). If you are interested in the actual data, on the WWW go to http://www.economagic.com/em-cgi/data.exe/fedstl/gdp96+1#DataWhat is actually plotted is the natural logarithm of real GDP ...
... is the GDP for April to June 2001. The data are then converted to yearly numbers (basically by multiplying them by 4). If you are interested in the actual data, on the WWW go to http://www.economagic.com/em-cgi/data.exe/fedstl/gdp96+1#DataWhat is actually plotted is the natural logarithm of real GDP ...
Beyond the 2008 Financial “Crisis”
... is, indemnity value achieves an “identical essence” yet it is at the same moment accounted for as “similar.” However, does this accounting distract itself with its reach for “definite expression?” Rather, does it extend a differentiating complexity of only “similar” objects, and hence an “identity” ...
... is, indemnity value achieves an “identical essence” yet it is at the same moment accounted for as “similar.” However, does this accounting distract itself with its reach for “definite expression?” Rather, does it extend a differentiating complexity of only “similar” objects, and hence an “identity” ...
Endogenous Technology Adoption and R&D as Sources of Business Cycle Persistence
... One of the great challenges for macroeconomists is explaining the slow recovery from major financial crises (see, e.g. Reinhart and Rogoff (2009)). This phenomenon is only partly accounted for by existing theories. A large literature has suggested that demand shortfalls can account for slow growth f ...
... One of the great challenges for macroeconomists is explaining the slow recovery from major financial crises (see, e.g. Reinhart and Rogoff (2009)). This phenomenon is only partly accounted for by existing theories. A large literature has suggested that demand shortfalls can account for slow growth f ...