Font Size: a A A

Design And Application Of Meta-heuristic Algorithms Guided By Collective Wisdom

Posted on:2021-01-11Degree:MasterType:Thesis
Country:ChinaCandidate:S Z HuangFull Text:PDF
GTID:2439330602995729Subject:Applied Mathematics
Abstract/Summary:PDF Full Text Request
After Friedman unifies the mathematical equation of money,he explains the relationship between macroeconomic growth,inflation and money supply reasonably,which are the major macroeconomic problems concerned by governments,central banks and economists all over the world.The policy adjustment between money market and product market can provide a better theoretical guarantee for the stable operation of national economy.But since the collapse of Bretton Woods system,especially since 1980 s,with the economic globalization,international financial liberalization and financial innovation,the bubble economy has emerged in a more frequent and extensive way,leading to the global financial crisis after another.Therefore,when the asset bubble,which is a monetary phenomenon,is added to the monetary quantity equation,it can not only improve macroeconomic theories,but also formulate better economic policies to ensure stable operation of asset markets and product markets.Through combing the concept of bubble economy,reviewing the bubble economic events in historical events,we get the basic concept and main characteristics of the bubble economy,mainly because of the independent operation characteristics of the development of money,which makes monetary funds over concentration in a certain class of assets,which makes prices too inflated.Structural.By adding the asset market to the money quantity equation,the new equation has more explanatory power to the economic anomalies in the modern economic system.The main reason for this kind of money phenomenon is the imbalance of the money distribution structure,which is the result of the excessive virtual imitation of money.Under the new theoretical model,the inflation and asset bubbles are analyzed from the perspective of model variables.The results show that under the modern economic system,inflation is not necessarily serious,and the excessive issuance of money is only a sufficient condition for the formation of structural asset bubbles,rather than a necessary condition.Under the situation of excessive currency,the structure of money supply is seriously unbalanced,which makes the currency excessive virtualization,and then has a serious asset bubble.The money supply policy should be adjusted and formulated according to the serious imbalance of the distribution structure of money supply.The paper consists of five chapters.Chapter one-introduction.This chapter introduces from the perspective of the full text,including the research background and significance,the basic structure framework,the main content,innovation and shortcomings,and finally the literature review.Mainly from three aspects of the literature review,first of all,through the bubble history in the history of the definition of bubble to discuss and summarize,get the basic definition of foam,and then from the historical process of bubble formation process analysis,find the structural characteristics of the bubble,discussed that the real economy corresponds to inflation,and the bubble is the product of the asset market,and finally the amount of money.The literature on the new relationship between money supply growth rate and asset bubbles and inflation is discussed in the equation.The second chapter-through the research and analysis of the traditional monetary quantity equation,points out the ineffectiveness of the equation in the modern economic system,and discusses the defects that the monetary phenomenon of the modern economy cannot be explained.It is considered that under the existing two dollar economic structure,the structural bubble of inflation and asset bubbles from the macro economy,as well as the bubble in the two sector of the real economy and the virtual economy,has formed an internal structural bubble because of the diversification of internal products.Therefore,if we want to have a better explanation of asset bubbles and inflation,we must finish the quantitative equation of money.The new equation of money quantity can be obtained by the expansion of goodness.The third chapter,based on the new quantitative equation of money,further discusses the structure of asset bubbles.The structure refers to the content structure of the asset market,mainly through two internal markets,one is the stock market,the other is the real estate market,the bubble is formed because the price deviates from the basic value,which leads to excessive price growth.The main reason is the excessive inflow of capital.When the capital flows into the asset market too much,there will still be one inside the market.The distribution and flow of funds are sometimes structured in two markets,sometimes in a single market,so they have structural characteristics.Therefore,it is necessary to analyze the process and mechanism of foam formation first,and then discuss the reasons for the formation of the structure.The fourth chapter is the realistic causes of the structural asset bubbles.In this chapter,we will analyze the real causes of the structural asset bubbles on the basis of the previous chapter.From the last chapter,we can get that the imbalance of monetary structure is the main reason,and the reasons for the imbalances of monetary structure will also be analyzed from two angles and levels.Chapter five-conclusion and suggestion.Summarize the whole text,get the new monetary equation,why the asset bubble has structural characteristics and what causes it.Through the above analysis,we get the relevant conclusions,and further look into the future of the research,and give policy recommendations.
Keywords/Search Tags:Inflation, asset bubble structure, money supply distribution structure, asset virtualization
PDF Full Text Request
Related items