文章基本信息

标题：The Taylor Rule and the Sandpile: The Taylor Contribution and Other Matters
本地全文：下载
作者：Juan L. Valderrábano López ; Miguel A. Alonso Neira
期刊名称：Open Journal of Modelling and Simulation
印刷版ISSN：2327-4018
电子版ISSN：2327-4026
出版年度：2017
卷号：05
期号：04
页码：183-188
DOI：10.4236/ojmsi.2017.54014
语种：English
出版社：Scientific Research Publishing
摘要：The author of the Taylor Rule has provided new evidence about the application of the Sandpile model to his rule. The same findings of the Sandpile model are described in the Taylor paper in agreement with the conclusions of the Sandpile model. That is, that keeping interest rates too low for too long penalizes the economic recovery. On top of that the Sandpile also provides a metric for the severity of the crisis. The same law (Power Law) applies to the size and the duration of the crisis just modifying the order of the distribution paving thus a way for measuring the size of the crisis. According to the NBER data, the length is already determined for the US crisis, if the model holds on, we can also assess the severity.
关键词：Taylor Rule;Sandpile;Weak Chaos