Introducing sliding modes in economics

Autores
Martínez, Cinthia Alejandra; Cirera, Eduardo Alberto
Año de publicación
2017
Idioma
inglés
Tipo de recurso
artículo
Estado
versión publicada
Descripción
Fil: Martínez, Cinthia Alejandra. Universidad de Buenos Aires. Centro de Investigaciones en Econometría; Argentina.
Fil: Cirera, Eduardo Alberto. Universidad Nacional del Nordeste. Facultad de Ingeniería; Argentina.
We propose a novel technique for modeling Economic theories (Sliding Modes or SM), but widely used as control models in Engineering. This initial experiment treats the inflation as a phenomenon to explain and control. The two main objectives of this work are: first, to contribute to mathematical Economic modelling and second, the analysis of medium-high inflation in Latin American countries, and its undesirable social consequences. 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 as Utkins and Itkis in the early 1950s. Here we explain how a SM model works, its conditions and properties, in a theoretical way. The next step is to estimate values for the parameters of the system; for that, we have chosen the Chilean economy during the period 1985-2009. With the multiequational system and values of the parameters, simulations are held for controlling the variable inflation by means of money emission. 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.
Fuente
Atiner, 2017, p. 1-19.
Materia
Mathematical methods
Dynamic programming
Sliding modes
Macroeconomic policy
Inflation stabilization
Nivel de accesibilidad
acceso abierto
Condiciones de uso
http://creativecommons.org/licenses/by-nc-nd/2.5/ar/
Repositorio
Repositorio Institucional de la Universidad Nacional del Nordeste (UNNE)
Institución
Universidad Nacional del Nordeste
OAI Identificador
oai:repositorio.unne.edu.ar:123456789/27755

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network_name_str Repositorio Institucional de la Universidad Nacional del Nordeste (UNNE)
spelling Introducing sliding modes in economicsMartínez, Cinthia AlejandraCirera, Eduardo AlbertoMathematical methodsDynamic programmingSliding modesMacroeconomic policyInflation stabilizationFil: Martínez, Cinthia Alejandra. Universidad de Buenos Aires. Centro de Investigaciones en Econometría; Argentina.Fil: Cirera, Eduardo Alberto. Universidad Nacional del Nordeste. Facultad de Ingeniería; Argentina.We propose a novel technique for modeling Economic theories (Sliding Modes or SM), but widely used as control models in Engineering. This initial experiment treats the inflation as a phenomenon to explain and control. The two main objectives of this work are: first, to contribute to mathematical Economic modelling and second, the analysis of medium-high inflation in Latin American countries, and its undesirable social consequences. 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 as Utkins and Itkis in the early 1950s. Here we explain how a SM model works, its conditions and properties, in a theoretical way. The next step is to estimate values for the parameters of the system; for that, we have chosen the Chilean economy during the period 1985-2009. With the multiequational system and values of the parameters, simulations are held for controlling the variable inflation by means of money emission. 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.Instituto de Atenas para la Educación y la Investigación2017info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionhttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdfapplication/pdfMartínez, Cinthia Alejandra y Cirera, Eduardo Alberto, 2017. Introducing sliding modes in economics. Atiner. Atenas: Instituto de Atenas para la Educación y la Investigación, p. 1-19. ISSN 2241-2891.2241-2891http://repositorio.unne.edu.ar/handle/123456789/27755Atiner, 2017, p. 1-19.reponame:Repositorio Institucional de la Universidad Nacional del Nordeste (UNNE)instname:Universidad Nacional del Nordesteenginfo:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-nd/2.5/ar/Atribución-NoComercial-SinDerivadas 2.5 Argentina2025-09-29T14:30:17Zoai:repositorio.unne.edu.ar:123456789/27755instacron:UNNEInstitucionalhttp://repositorio.unne.edu.ar/Universidad públicaNo correspondehttp://repositorio.unne.edu.ar/oaiososa@bib.unne.edu.ar;sergio.alegria@unne.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:48712025-09-29 14:30:17.491Repositorio Institucional de la Universidad Nacional del Nordeste (UNNE) - Universidad Nacional del Nordestefalse
dc.title.none.fl_str_mv Introducing sliding modes in economics
title Introducing sliding modes in economics
spellingShingle Introducing sliding modes in economics
Martínez, Cinthia Alejandra
Mathematical methods
Dynamic programming
Sliding modes
Macroeconomic policy
Inflation stabilization
title_short Introducing sliding modes in economics
title_full Introducing sliding modes in economics
title_fullStr Introducing sliding modes in economics
title_full_unstemmed Introducing sliding modes in economics
title_sort Introducing sliding modes in economics
dc.creator.none.fl_str_mv Martínez, Cinthia Alejandra
Cirera, Eduardo Alberto
author Martínez, Cinthia Alejandra
author_facet Martínez, Cinthia Alejandra
Cirera, Eduardo Alberto
author_role author
author2 Cirera, Eduardo Alberto
author2_role author
dc.subject.none.fl_str_mv Mathematical methods
Dynamic programming
Sliding modes
Macroeconomic policy
Inflation stabilization
topic Mathematical methods
Dynamic programming
Sliding modes
Macroeconomic policy
Inflation stabilization
dc.description.none.fl_txt_mv Fil: Martínez, Cinthia Alejandra. Universidad de Buenos Aires. Centro de Investigaciones en Econometría; Argentina.
Fil: Cirera, Eduardo Alberto. Universidad Nacional del Nordeste. Facultad de Ingeniería; Argentina.
We propose a novel technique for modeling Economic theories (Sliding Modes or SM), but widely used as control models in Engineering. This initial experiment treats the inflation as a phenomenon to explain and control. The two main objectives of this work are: first, to contribute to mathematical Economic modelling and second, the analysis of medium-high inflation in Latin American countries, and its undesirable social consequences. 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 as Utkins and Itkis in the early 1950s. Here we explain how a SM model works, its conditions and properties, in a theoretical way. The next step is to estimate values for the parameters of the system; for that, we have chosen the Chilean economy during the period 1985-2009. With the multiequational system and values of the parameters, simulations are held for controlling the variable inflation by means of money emission. 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.
description Fil: Martínez, Cinthia Alejandra. Universidad de Buenos Aires. Centro de Investigaciones en Econometría; Argentina.
publishDate 2017
dc.date.none.fl_str_mv 2017
dc.type.none.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
http://purl.org/coar/resource_type/c_6501
info:ar-repo/semantics/articulo
format article
status_str publishedVersion
dc.identifier.none.fl_str_mv Martínez, Cinthia Alejandra y Cirera, Eduardo Alberto, 2017. Introducing sliding modes in economics. Atiner. Atenas: Instituto de Atenas para la Educación y la Investigación, p. 1-19. ISSN 2241-2891.
2241-2891
http://repositorio.unne.edu.ar/handle/123456789/27755
identifier_str_mv Martínez, Cinthia Alejandra y Cirera, Eduardo Alberto, 2017. Introducing sliding modes in economics. Atiner. Atenas: Instituto de Atenas para la Educación y la Investigación, p. 1-19. ISSN 2241-2891.
2241-2891
url http://repositorio.unne.edu.ar/handle/123456789/27755
dc.language.none.fl_str_mv eng
language eng
dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
http://creativecommons.org/licenses/by-nc-nd/2.5/ar/
Atribución-NoComercial-SinDerivadas 2.5 Argentina
eu_rights_str_mv openAccess
rights_invalid_str_mv http://creativecommons.org/licenses/by-nc-nd/2.5/ar/
Atribución-NoComercial-SinDerivadas 2.5 Argentina
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv Instituto de Atenas para la Educación y la Investigación
publisher.none.fl_str_mv Instituto de Atenas para la Educación y la Investigación
dc.source.none.fl_str_mv Atiner, 2017, p. 1-19.
reponame:Repositorio Institucional de la Universidad Nacional del Nordeste (UNNE)
instname:Universidad Nacional del Nordeste
reponame_str Repositorio Institucional de la Universidad Nacional del Nordeste (UNNE)
collection Repositorio Institucional de la Universidad Nacional del Nordeste (UNNE)
instname_str Universidad Nacional del Nordeste
repository.name.fl_str_mv Repositorio Institucional de la Universidad Nacional del Nordeste (UNNE) - Universidad Nacional del Nordeste
repository.mail.fl_str_mv ososa@bib.unne.edu.ar;sergio.alegria@unne.edu.ar
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