Modeling and Simulation of Macroeconomic Feedback Processes: Demand – Supply Equilibrium, Allocation of Scarce Resources, Allocation of Disposable Income, Profitability - Couverture souple

Popescu, Bianca Ioana; Scarlat, Emil; Chirita, Nora

 
9786202004404: Modeling and Simulation of Macroeconomic Feedback Processes: Demand – Supply Equilibrium, Allocation of Scarce Resources, Allocation of Disposable Income, Profitability
Couverture souple
ISBN 10 : 6202004401 ISBN 13 : 9786202004404
Editeur : LAP LAMBERT Academic Publishing, 2017

Synopsis

Considering a cybernetic system for national economies starts from observing complexity, interdependence, co-evolution, far from equilibrium functioning, feedback, auto-organization - properties which are acting together for creating a new order and coherence in time. Governments look at the economy, take action as policies, observe the results - evaluate and implement other policies in the hope for better results again observed and evaluated which will determine more action. This process is in its nature a feedback process. Corrective measures are less dependent of time but more related to the conditions displayed within the system. Macroeconomic issues are thus harder as it implies that any attempt of policy implementation will trigger the system to naturally compensate for the changes that occur. Circular causality and feedback are more often delayed, subtle and misleading. Intuition is not enough and the most important is to determine the sources within the system that dictate its behavior. The system dynamic models presented in the book find their use in policy building, testing and assessing macroeconomic policies, areas for development and continuous tracking of macro KPIs.

Les informations fournies dans la section « Synopsis » peuvent faire référence à une autre édition de ce titre.

À propos de l?auteur

Bianca Ioana Popescu is currently Business Management Advisor at IBM Romania with a PhD in Economic Cybernetics. Has as interests the study of complex adaptive systems, business analysis and macroeconomics. Acts also as associate assistant within the Department of Informatics and Economic Cybernetics at the Bucharest University of Economic Studies.

Les informations fournies dans la section « A propos du livre » peuvent faire référence à une autre édition de ce titre.

Éditeur
LAP LAMBERT Academic Publishing
Date d'édition
2017
Langue
anglais
ISBN 10 
6202004401
ISBN 13 
9786202004404
Reliure
Broché
Nombre de pages
196
Coordonnées du fabricant
non disponible
Personne responsable
non disponible