Banking in computable general equilibrium economies

Article Abstract:

A model of a computable general equilibrium economy focusing on the banking sector was developed. The model presents banks as intermediaries between households and between household and government sectors. Households borrow from and save in banks for their financial needs while banks use these savings for government and reserve purchases. The model analyzes monetary and tax policy welfare costs and examines interest rate policy effects.

Commercial Banks, Banking industry

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Stochastic equilibrium: learning by exponential smoothing

Article Abstract:

The authors develop mathematical tools to analyze stochastic learning for equilibrium behavior and ergodicity.

Austria, Science & research, Research, Learning models (Stochastic processes), Stochastic models

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