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GEM Project - Generalized Exchange Macroeconomics - Home

A forum for economists who believe that macroeconomics can be both internally coherent and stabilization-policy relevant.

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GEM Project - Generalized Exchange Macroeconomics - Home | gemproj.org Reviews
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A forum for economists who believe that macroeconomics can be both internally coherent and stabilization-policy relevant.
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1 blog
2 ebook
3 research exchange
4 gem project papers
5 classic papers
6 glossary
7 symbols
8 acronyms
9 specialized notation
10 references
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GEM Project - Generalized Exchange Macroeconomics - Home | gemproj.org Reviews

https://gemproj.org

A forum for economists who believe that macroeconomics can be both internally coherent and stabilization-policy relevant.

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1

GEM Project - Symbols

http://gemproj.org/symbols

Can be both coherent. In general, uppercase English-alphabet symbols indicate variable levels, while lowercase indicates rates of change. Is the nonstationary LEV capital-labor ratio (. Denotes the LEV ratio of sunk to total capital (. Denotes the LEV workweek (. Represents the average productivity of labor input in the Lewis subsistence sector (Chapter 3). Measures average labor-productivity (posited to be constant) in the Lewis-model’s industrial venue (Chapter 3). Is LEV production capability (. Compo...

2

GEM Project - Glossary

http://gemproj.org/glossary

Can be both coherent. The generalization of price-mediated exchange to include optimizing behavior in the workplace as well as the marketplace reveals a significant number of heretofore ignored fundamental laws that help govern modern, specialized economies. Uncovering and applying such laws not surprisingly requires a substantial set of new terms and symbols, which are organized below to provide easy reference. SVGE), while those that permit generalized exchange are named. Requires the TVGE framework.

3

GEM Project - Acronyms

http://gemproj.org/acronyms

Can be both coherent. Constrained nonstationary demand disturbance. Dynamic stochastic general equilibrium. Dynamic stochastic general market equilibrium, which is the workhorse model of mainstream formal macroeconomics and in this book is equivalent to the venerable SVGE model class. Dynamic stochastic general workplace equilibrium. Formal economic method, featuring rational economic exchange organized around continuous general equilibrium. General workplace equilibrium theory. Marginal product of labor.

4

GEM Project Blog

http://gemproj.org/blog

Can be both coherent. The GEM Project blog appears weekly (Fridays). Interested economists are invited to participate by submitting comments or writing blog entries. There are a few rules. The subject matter must be related to macroeconomics and macroeconomists, especially in their grand struggle to construct models that are stabilization relevant and internally coherent. Blog entries should be 1,000 words or fewer, and author name and association are required. At Last, A Modern Theory of Wages. Get read...

5

GEM Project - eBook

http://gemproj.org/ebook

Can be both coherent. The GEM eBook rigorously develops Generalized Exchange Macroeconomics. It is ambitious, intended to reconfigure modern theory. Unlike mainstream modeling, the new approach microfounds the full range of effective stabilization policymaking, while still satisfying the strict methodological standards of the academy. The GEM Project is a dauntingly-broad work in progress. There are many places for errors to hide. Our hope is that readers will find them. Comments are invited. Expands the...

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