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Miercoles 12, abril, 2017

SEMINARIO INTERNO DEL IIEP-BAIRES (UBA-CONICET)


Fecha: Miercoles 12, abril, 2017
Hora: 13:00

Seminarios IIEP - BAIRES, Invitados especiales

Los invitamos al Seminario Interno organizado por el IIEP-BAIRES, que se realizará en la Facultad de Ciencias Económicas el  miércoles  12 de abril de 13 a 15 hs. en aula 413, edificio anexo.

 

 

 

"Introducing Sliding Modes in Economics"

                                               

Cintia Martinez, Eduardo Cirera, Pablo Jack y  Fernando Couto.

 

 

Abstract

We propose a novel technique for modeling Economic theories (Sliding Modes or SM), already widely used within control modeling in Engineering. The initial experiment seeks to explain and control the phenomenon of inflation. The two main objectives of this work are: first, contribution to mathematical Economic modeling and second, analysis of the medium-high inflation and its undesirable social consequences in Latin American countries. Here we propose SM for testing a traditional economic theory like an augmented Phillips curve in the form of a differential equations model.

The first models of variable structure with sliding mode control were developed by Emelyanov and other authors such as Utkins and Itkis in the early 1950s. Here we explain how a SM model works- its conditions and properties-in a theoretical way. Setting a monetary multiequational system, the next step is to estimate values for the parameters; for that, we have chosen the Chilean economy during the period 1985-2009. Next, simulations are held for controlling the variable inflation by means of money emission, with SM. The research ends with conclusions limited to the assumptions pertinent to the theory selected and the inherent simplification of this first simulation. Its selection is just a beginning, with the ambition of extending it to other hypothesis and theories testing.

 

Keywords: Mathematical Methods; Dynamic Programming; Sliding Modes; Macroeconomic Policy; Inflation Stabilization.

 

 

 

Biografía

Cintia Martinez es Investigadora del Instituto de Investigaciones en Métodos Cuantitativos de la FCE de la UBA y profesora en UBA y UCA. Doctora en Economia Aplicada por la Universidad de Santiago de Compostela. Ex-lecturer en Universidad de California Santa Cruz.

Eduardo Cirera es Ingeniero mecánico, Master en Ciencias por la Universidad de la Habana (especialidad Automática) y actual doctorando en Ingeniería de la UNNE. Profesor Titular Ordinario en grado y postgrado, director de Proyectos de Investigación, Director de Departamento y consejero directivo en la UNNE.

Pablo Jack es Lic. en Economia y estudiante becario de Doctorado en Economía en la UBA. Profesor de economía del CBC de la UBA.

Fernando Couto es Lic. en Economía y doctorando en Economia en UBA. Profesor adjunto de Macroeconomia y Politica Economica y Jtp de Crecimiento Económico en la FCE de la UBA.

 

 

Los esperamos!

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