infonet-economy

The paper presents the elements of a new methodology to control complex and hypercomplex socio-economic structures. The control process is iterative, combining the principles of System Dynamics, Control theory and the PROMETHEE Multicriteria Decision Aid (MCDA) methodology. It consists of three main stages: setting up and calibration of a quantitative model, definition of long-term…

Leitideen für eine ethisch bewusste Geldanlage

Os enfoques da administração de empresas baseados em uma perspectiva meramente econômica carecem de um fundamento teórico capaz de sustentar um management dirigido à viabilidade e ao desenvolvimento organizacional. O autor propõe um quadro analítico novo para o design e o (auto)controle de empresas, baseado na cibernética organizacional e voltado para um fitness organizacional…

This paper is a selective survey of new or recent methods to extract information about market expectations from asset prices for monetary policy purposes. Traditionally, interest rates and forward exchange rates have been used to extract expected means of future interest rates, exchange rates and inflation. More recently, these methods have been refined to rely on implied forward…

The paper's objective is to interpret no-arbitrage conditions by means of linear programming. Basic statements about the term structure of a market with frictions can be derived using the relation of primal and associated dual programs. The duality concept applies mutatis mutandis to the valuation of cash flows from an individual investor's point of view.