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Dynamic stochastic general equilibrium modeling (abbreviated as DSGE, or DGE, or sometimes SDGE) is a macroeconomic method which is often employed by monetary and fiscal authorities for policy analysis, explaining historical time-series data, as well as future forecasting purposes. [1]
The structural equilibrium model is a matrix-form computable general equilibrium model in new structural economics. [30] [31] This model is an extension of the John von Neumann's general equilibrium model (see Computable general equilibrium for details). Its computation can be performed using the R package GE.
Partial equilibrium, the equilibrium price and quantity which come from the cross of supply and demand in a competitive market; Radner equilibrium, an economic concept defined by economist Roy Radner in the context of general equilibrium; Recursive competitive equilibrium, an economic equilibrium concept associated with a dynamic program
Computable general equilibrium (CGE) models are a class of economic models that use actual economic data to estimate how an economy might react to changes in policy, technology or other external factors. CGE models are also referred to as AGE (applied general equilibrium) models. A CGE model consists of equations describing model variables and ...
Fluid mechanics is the branch of physics concerned with the mechanics of fluids (liquids, gases, and plasmas) and the forces on them. [1]: 3 It has applications in a wide range of disciplines, including mechanical, aerospace, civil, chemical, and biomedical engineering, as well as geophysics, oceanography, meteorology, astrophysics, and biology.
The goal to study the dynamics that may or may not lead to an equilibrium was already formulated by the developers of general equilibrium models such as Vilfredo Pareto, but despite some efforts, they were unable to describe the adaptive processes that were thought to converge to the states analyzed in static theory.
In a state of dynamic equilibrium, and under the hypothesis of isothermal fluid, the particles are distributed according to the barometric distribution = (), where ρ − ρ o is the difference in density of particles separated by a height difference, of =, k B is the Boltzmann constant (the ratio of the universal gas constant, R, to the ...
It is hoped that by trying to specify the quantum-mechanical definition of work, dealing with open quantum systems, analyzing exactly solvable models, or proposing and performing experiments to test non-equilibrium predictions, [g] important insights into the interpretation of quantum mechanics and the true nature of reality will be gained.