Uncertainty analysis in the IS-LM model

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Título:	Uncertainty analysis in the IS-LM model
Autor/a:	Gabarró Vallès, Joaquim; Serna Iglesias, María José
Otros autores:	Universitat Politècnica de Catalunya. Departament de Ciències de la Computació; Universitat Politècnica de Catalunya. ALBCOM - Algorismia, Bioinformàtica, Complexitat i Mètodes Formals
Abstract:	We introduce a model for uncertainty in the IS-LM linear macroeconomic model with exogenous parameters. An uncertainty profile u is a short and macroscopic description of an stressed situation. We use u to define a strategic game where two agents, the angel and the daemon, act selfishly and have different goals. Those Nash equilibria provide the stable strategies in stressed situations, giving a natural estimation of risk. We apply this analysis to a linear version of the ISLM model and analyse the structure of the Nash equilibria in some particular games.
Abstract:	Peer Reviewed
Materia(s):	-Àrees temàtiques de la UPC::Informàtica::Automàtica i control -Uncertainty profiles -Risk analysis -Game theory -IS-LM model
Derechos:	http://creativecommons.org/licenses/by-nc-nd/3.0/es/
Tipo de documento:	Artículo - Versión presentada Objeto de conferencia
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