Stability rules
نویسندگان
چکیده
منابع مشابه
Majority Rules and Coalition Stability
We consider a class of symmetric games with externalities across coalitions and show that, under certain regularity conditions, restricting the deviating power to majority guarantees the existence of core-stable allocations. We also show that if majorities can extract resources from minorities, stability requires a supermajority rule, whose threshold is increasing in the extraction power.
متن کاملLearning, monetary policy rules, and macroeconomic stability
Several papers have documented a regime switch in US monetary policy from ‘passive’ and destabilizing in the pre-1979 period to ‘active’ and stabilizing afterwards. These studies typically work with DSGE models with rational expectations. This paper relaxes the assumption of rational expectations and allows for learning instead. Economic agents form expectations from simple models and update th...
متن کاملPPP Rules, Macroeconomic (In)stability and Learning
Governments in emerging economies have pursued real exchange rate targeting through Purchasing Power Parity (PPP) rules that link the nominal depreciation rate to either the deviation of the real exchange rate from its long run level or to the difference between the domestic and the foreign CPI-inflation rates. In this paper we disentangle the conditions under which these rules may lead to endo...
متن کاملOn Policy Rules for Price Stability
Over the 1980s and 1990s, monetary policy in most industrialized countries has focussed increasingly on achieving rates of inflation at or close to price stability. The result in the 1990s has been a remarkable convergence in these economies towards relatively low rates of inflation. In some countries, such as New Zealand, Canada, the United Kingdom, and Sweden the move towards price stability ...
متن کاملStability control and recurrent switching rules
The recent paper [1] enlightens the interest of a class of switching rules with nice properties, called eventually periodic: it is proven that a finite family F of linear vector fields of R d can be stabilized by means of eventually periodic switching rules, provided that it is asymptotically controllable and satisfies an additional finite time controllability condition. Unfortunately, simple e...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: Nature Energy
سال: 2019
ISSN: 2058-7546
DOI: 10.1038/s41560-019-0378-2