We examine the behavior, determinants, and implications of the equilibrium level of the real federal funds rate, defined as the rate consistent with full employment and stable inflation in the medium ...

The concept of punctuated equilibrium was, to some, a radical new idea when it was first proposed by Stephen Jay Gould and Niles Eldredge in 1972. Now it is widely recognized as a useful model for ...

A simple version of the Gordon-Phelps model shows that the necessary condition for actual real GNP to be maintained at its equilibrium level in the wake of a supply shock is for the change innominal ...

When a change is made to a system at equilibrium, the position of equilibrium moves to counteract the change that was made. For example, if the temperature is increased, the position of ...

Abstract: From the view of information flow, a super-network equilibrium optimization model is proposed to compute the solution of the operation architecture which is made up of a perceptive level, a ...

In this paper, the frequency regulation market equilibrium is studied considering the dynamic gaming between attackers and defenders, both of which need the knowledge of FRMs for their interventions.

When a change is made to a system at equilibrium, the position of equilibrium moves to counteract the change that was made. For example, if the temperature is increased, the position of ...