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Keynesian Macrodynamics: Convergence, Roads to Instability and the Emergence of Complex Business Fluctuations
Keynesian dynamics wage and price Phillips curves persistent business cycles
2010/12/6
We reformulate the traditional AS-AD growth model, with a Taylor policy rule replacing the conventional LM-curve. The essential features of the model are gradually adjusting wages and prices, perfect ...
Consolidation theories and push-down accounting: achieving global convergence
consolidation theory push-down accounting global convergence
2010/10/18
This paper examines the parent, entity, and traditional theories of consolidation
with a focus on the relevance and representational faithfulness of the information each
provides to decision makers....
Forward-convex convergence of sequences in $\mathbb{L}^0_+$
Forward-convex convergence of sequences
2010/10/18
For a sequence in $\mathbb{L}^0_+$, we provide simple necessary and sufficient conditions to ensure that each sequence of its forward convex combinations converges to the same limit. These conditions...