英文标题:
《Information equilibrium as an economic principle》
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作者:
Jason Smith
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最新提交年份:
2015
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英文摘要:
A general information equilibrium model in the case of ideal information transfer is defined and then used to derive the relationship between supply (information destination) and demand (information source) with the price as the detector of information exchange between demand and supply. We recover the properties of the traditional economic supply-demand diagram. Information equilibrium is then applied to macroeconomic problems, recovering some common macroeconomic models in particular limits like the AD-AS model, IS-LM model (in a low inflation limit), the quantity theory of money (in a high inflation limit) and the Solow-Swan growth model. Information equilibrium results in empirically accurate models of inflation and interest rates, and can be used to motivate a \'statistical economics\', analogous to statistical mechanics for thermodynamics.
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中文摘要:
定义了理想信息传递情况下的一般信息均衡模型,以价格作为供需信息交换的检测器,推导了供需关系。我们恢复了传统经济供求图的性质。然后将信息均衡应用于宏观经济问题,恢复了一些特定极限下的常见宏观经济模型,如AD-AS模型、is-LM模型(在低通胀极限下)、货币数量理论(在高通胀极限下)和索洛-斯旺增长模型。信息均衡产生了经验上精确的通货膨胀和利率模型,可以用来推动“统计经济学”,类似于热力学的统计力学。
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分类信息:
一级分类:Quantitative Finance 数量金融学
二级分类:Economics 经济学
分类描述:q-fin.EC is an alias for econ.GN. Economics, including micro and macro economics, international economics, theory of the firm, labor economics, and other economic topics outside finance
q-fin.ec是econ.gn的别名。经济学,包括微观和宏观经济学、国际经济学、企业理论、劳动经济学和其他金融以外的经济专题
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