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    Estimation of the Price Elasticity of Oil

    Publiceret 23-11-2022
    MAKRO Makroøkonomi Christian Kastrup Kristina Poulsen Tamás Vasi

    I dette arbejdspapir estimeres gennemslag fra oliepriser til importpriser for hver branche i MAKRO ved hjælp af Kalman-filter-metoden udviklet af Kastrup, Kronborg og Stephensen (2022).

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    Copy or Deviate? The Market Economy as a Self-Organizing System

    Publiceret 21-11-2022
    Øvrige analyser Makroøkonomi Peter Stephensen

    An agent-based model for a decentralized market economy with multiple sectors is set up and it is demonstrated that the economy is self-organizing if four empirically relevant conditions apply.