Computing equilibria of GEI by relocalization on a Grassmann manifold

Article Abstract:

The equilibria of general economic models with incomplete asset markets or GEI can be calculated by utilizing an algorithm based on the existence of a route of zeros of a homotopy. The domain of the homotopy includes a Grassmann Manifold and the price simplex. Relocalization may be necessary after localization and following diffeomorphic pieces in Euclidean space.

Research, Markets (Economics), Homotopy theory

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On the orientability of the asset equilibrium manifold

Article Abstract:

An index theorem studying the orientability of the false equilibrium manifold in a two-period general equilibrium in incomplete markets is proposed.

Economic aspects, Financial markets

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Stabilizing sunspots

Article Abstract:

The stabilization policy of sunspot equilibrium in an incomplete financial market is analyzed.

United Kingdom, Singapore

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