Hi,

I am trying to explain Cost-Push inflation .Can the concept of
elasticity be used in Macroeconomics ?

If so , how is elasticity relevant in demand-pull and cost-pull
inflation ?

So far I have avoided using the term (I think it only pertains to
Microeconomics ) and instead have talked about the multiplier effect
and the slope of the SR-AS curve i.e either more flat(increases the
multiplier) or more vertical ( decreases the multiplier ).

My graph has Price on the vertical axis and Q(output)or GDP on the
horizontal axis.

Can anyone help clear this up ?

Any help appreciated and thanks in advance.

Peter

I am working on a new economic model with money issuance based on the
needs of people instead of supply and demand of business. You can see
it at
http://www.geocities.com/andrewvecsey/money.html
Any comments would be greatly appreciated.
thank you
andrew vecsey

dear sirs
The disturbance is composed of two influences: Vit are random
variables assumed to be iid N(0, σ
v2) and independent of Uit, which are non-negative random variables
assumed to account for the cost of inefficiency in production. The
later are assumed to be independently distributed as truncations at
zero of the N(mit, σU2) distribution; where mit = zitδ is a (p×1)
vector of variables Z which influence the efficiency of a firm; and δ
is an (1×p) vector of parameters to be estimated.
The error term is decomposed using the conditional distribution
approach proposed by Jondrow et
al. (1982) for a truncated normal distribution; providing an unbiased,
though inconsistent, estimate
of the cost of inefficiency. The measure of cost inefficiency relative
to the cost frontier is defined
as: E[U|ε] = [σλ/(1+λ2)][φ(μ*/σ)/Φ(μ*/σ) + μ*/σ] (3)
where σ = σV2 + σU2, λ = σU2/(σV2+ σU2), μ* = ελ/σ + μ/(σλ), φ is the
standard normal density
function, and Φ the cumulative normal density function, and all other
terms are as previously ...

I'm looking for a simulation model: an algorithm or perhaps even
just some anlyses from which I can buld my own algorithm of a
economic bubble.

For eg. typical unsound pyramid schemes, like they had in
Albania, or the classical [in history] Dutch tulip bubble.

Or perhaps the current petro-bubble ?

I'm wondering what the major parameters are that determine it's
life ?

== TIA

I'm looking for NYSE data from 1920-1930. I'd like the daily close,
volume, advances, declines, and volumes on those too. New highs and
new lows would also be helpful. Where do I find this sort of data?
Copyright has expired.

How many "Reserve Banks" are private entities (like the US Fed Reserve) vs
Crown entities (like say NZ)?
Is there some sort of Wikipedia catagory for them (private or public or
crown)?

CALL FOR CHAPTER PROPOSALS
Proposal Submission Deadline: July 1, 2008
Sustainable Economic Development and the Influence of Information
Technologies: Dynamics of Knowledge Society Transformation
A book edited by
Dr. Muhammed KARATAS, Mugla University, Turkey
and
Dr. Mustafa Zihni TUNCA, Suleyman Demirel University, Turkey

Hi,

recently, I stumbled over a definition of informal labor in developing
countries based on ISCI or ISCO codes but even after a couple of hours
of working I couldn't find it again. Does anyone of you know of such a
definition and can point me to it?

Many thanks,
Bob

“I have an idea to help improve the current mortgage market crisis.
I
believe government should allow a onetime distribution from 401k,
traditional IRA, or Roth IRA without tax or penalty as long as the
distribution is used to pay down a first mortgage loan balance on the
owners' primary residence. Allowing this would add billions of
dollars in liquidity into the mortgage market without the immediate
risk of higher taxes to "bail out" risky mortgage market
participants. It would also greatly increase the equity that
"Responsible" Americans have in their homes and would help deleverage
mortgage lenders; hopefully opening up credit for a larger number of
individuals that need to refinance. In the near term, this move
would
have little impact on tax revenues, because the dollars used to pay
down our mortgages weren't being taxed (currently) anyway. If there
are concerns about raiding retirement funds...a catch up provision
could be added to the plan to allow excess contributions to the
individuals' retirement plans. The individual American Citizen wants
to do their part to fix the situation, but let us do it on our own
terms, let us take a tax free/penalty free distribution from our ...

The Economist Has No Clothes: Scientific American (Apr 08)

Discover why it's impossible to solve global environmental problems
with existing economic theory. Both these pieces are GREAT!!! Read
them both!!!

The Economist Has No Clothes
Unscientific assumptions in economic theory are undermining efforts to
solve environmental problems
http://www.sciam.com/article.cfm?id=the-economist-has-no-clothes

-------------

Brother, Can You Spare Me a Planet? (Extended version)
http://www.sciam.com/article.cfm?id=brother-can-you-spare-me-a-planet
Mainstream Economics and the Environmental Crisis