Information Transfer Economics

A working paper exploring the idea that information equilibrium is a general principle for understanding economics. [Here] is an overview.

Sunday, March 30, 2014

The diminishing effect of monetary expansion (reference post)

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I need a reference post for the diminishing effect of monetary expansion in the US (and the negative effect in Japan). The motivation of th...
2 comments:
Friday, March 28, 2014

Identifying monetary regime change?

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I was looking at a post from a few weeks ago and noticed this diagram of a local parameter value for the information transfer index  κ fit...

Moar Monte Carlo

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Here's the results of this post with 100 paths and an AR(6) model: There doesn't seem to be a huge difference from the previo...
1 comment:

The monetary base as a sand pile

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I will get to the title eventually, but the first part is some fun numerical differential equation solving. In particular, I'll be ...
13 comments:
Thursday, March 20, 2014

The ISLM model (again)

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The economist John Hicks wrote out Keynes' prose as an economic model that came to be known as the IS-LM model . I already derived...
8 comments:
Wednesday, March 19, 2014

The Fisher effect

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A quick post; here's more evidence we can label the difference between the model result (green) and the data (LOESS smoothed, black do...
Tuesday, March 18, 2014

The effects that move interest rates

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Scott Sumner laid out the primary forces acting on interest rates (from a monetarist perspective) in a convenient piece of a paragraph: ...
Monday, March 17, 2014

The informaton transfer version of Nick Rowe's version of Keynes' General Theory

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Basing this on Nick Rowe's post on Keynes' General Theory (Chapter 3). It appears to be set up as an information transfer marke...
Sunday, March 16, 2014

Nick Rowe's model of the money stock

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Suppose, just suppose, that the central bank does target an exogenously fixed rate of interest, and ignore the Wicksellian indeterminacy th...
6 comments:
Saturday, March 15, 2014

Unsolved problems in information transfer macroeconomics [update: solved]

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Once the theory was invented, [Einstein] didn’t have a monopoly on it; it was out there for anyone to understand and move forward with. ......
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