The narrative as well as the analysis of global imbalances in the existing literature are incomplete without the part of the story that relates to the surge in capital flows experienced by the emerging economies. Such analysis disregards the implications of capital flows on their domestic economies, especially in terms of the “impossibility” of following a monetary policy that benefits domestic...

Weiss (1981) established core equivalence and the existence of competitive equilibria in finitely additive exchange economies. To underline the relevance of finitely additive economies we present in this note an example with a close connection to finite exchange economies. JEL Classification Number: D51.

We show that for a specific class of random matching Edgeworthian economies, the expectation of the limiting equilibrium price coincides with the equilibrium price of the related Walrasian economies. This result extends to the study of economies in the presence of uncertainty within the multi-period Arrow-Debreu model, allowing to understand the dynamics of how beliefs survive and propagate thr...

This introduction proposes an anthropology of global cargo circulation by placing the maritime shipping industry at center capitalism. With “container economies” we refer to that is sustained undervalued labor force, dependent upon unstable logistics infrastructures and driven speculative capital. Container economies, argue, are produced adding, moving, destroying value through supply chain. In...

to perform any economic management of a petroleum reservoir in real time, a predictable and/or updateable model of reservoir along with uncertainty estimation ability is required. one relatively recent method is a sequential monte carlo implementation of the kalman filter: the ensemble kalman filter (enkf). the enkf not only estimate uncertain parameters but also provide a recursive estimate of...

studies investigating fertility decline in developing countries often adopt measures of determinants of fertility behavior developed based on observations from developed countries, without adapting them to the realities of the study setting. as a result, their findings are usually invalid, anomalous or statistically non-significant. this commentary draws on the research article by moeeni and co...