Competitive equilibria for infinite-horizon economies with incomplete markets

Article Abstract:

The derivation and analysis of a model of sequential trading characterized by incomplete financial setup and a specific number of unlimited lived agents show that there is an equilibrium situation under regular conditions. In the model, the budget limitation is specified by an economic agent. The application of the principles of arbitrage theory to this budget issue is deemed useful.

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On the role of computation in economic theory

Article Abstract:

Computer simulation is likely to have greater use in analyzing economic models than in the analysis of physical and biological scientific models. The simulation, however, usually has similar aspects to natural science experiments, and this consequently necessitates conducting the simulation in the same critical way experiments are done.

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Stabilizing monetary-injection policies

Article Abstract:

Research examining the relationships between interest rates and prices to operations specific to open-market conditions. Particular attention is given to ways of establishing equilibrium paths and to projections of an optimal monetary policy.

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