Asymmetric information and macroeconomic dynamics

We show how macroeconomic dynamics can be derived from asymmetric information. As an illustration of the utility of this approach we derive the equilibrium density, non-equilibrium densities and the equation of motion for the response to a demand shock for productivity in a simple economy. Novel con...

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Bibliographische Detailangaben

Veröffentlicht in:	Physica A 2010-09, Vol.389 (17), p.3565-3571
Hauptverfasser:	Hawkins, Raymond J., Aoki, Masanao, Roy Frieden, B.
Format:	Artikel
Sprache:	eng
Schlagworte:	Asymmetric information Asymmetry Density Dynamics Economics Equations of motion Fisher information Macroeconomics Productivity Time dependence Utilities
Online-Zugang:	Volltext
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