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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.
In a new bottle of soda, the concentration of carbon dioxide in the liquid phase has a particular value. If half of the liquid is poured out and the bottle is sealed, carbon dioxide will leave the liquid phase at an ever-decreasing rate, and the partial pressure of carbon dioxide in the gas phase will increase until equilibrium is reached.
Classical thermodynamics deals with states of dynamic equilibrium.The state of a system at thermodynamic equilibrium is the one for which some thermodynamic potential is minimized (in the absence of an applied voltage), [2] or for which the entropy (S) is maximized, for specified conditions.
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 ...
Equilibrium thermodynamics is the study of transfers of matter and energy in systems or bodies that, by agencies in their surroundings, can be driven from one state of thermodynamic equilibrium to another. The term 'thermodynamic equilibrium' indicates a state of balance, in which all macroscopic flows are zero; in the case of the simplest ...
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 ...
The generally accepted model of the formation of the Universe states that it happened as the result of the Big Bang. In this model, in the time interval of 10 −10 –10 −6 s after the Big Bang, matter existed in the form of a quark–gluon plasma. It is possible to reproduce the density and temperature of matter existing of that time in ...