Explosive Hyperinflation, Inflation Tax Laffer Curve and Modelling the use of Money

This paper analyzes the existence of an inflation tax Laffer curve (ITLC) in the context of two standard optimizing monetary models: a cash-in-advance model and a money in the utility function model. Agents’ preferences are characterized in the two models by a constant relative risk aversion utility function. Explosive hyperinflation rules out the presence of an ITLC. In the context of a cash-in-advance economy, this paper shows that explosive hyperinflation is feasible and thus an ITLC is ruled out whenever the relative risk aversion parameter is greater than one. In the context of an optimizing model with money in the utility function, this paper firstly shows that an ITLC is ruled out. Moreover, it is shown that explosive hyperinflations are more likely when the transactions role of money is more important. However, hyperinflationary paths are not feasible in this context unless certain restrictions are imposed.

Características antropométricas, condición física y velocidad de lanzamiento en balonmano de élite y amateur

166 p.

Desarrollo de servicios para vigilancia tecnológica

[EN]If a frog is placed in boiling water, it will jump out; but if it is placed in cold water that is slowly heated, it will not perceive the danger and will be cooked to death. Without de ability to observe changing environmental conditions, the frog can find itself boiled alive before realizing it is in trouble. This is known as the boiling frog syndrome. In the same manner, it is impossible to be competitive without knowing and being aware of the environmental changes. From here comes the necessity for the Technological Watch and Competitive Intelligence. The main goals of this project are to evaluate the current Technological Vigilance System of the IK4-Tekniker research center and to develop services that help in improving the system. For that purpose, first of all the Technological Vigilance is going to be placed in the business field and its origins are going to be explained. Following that, the Technological Vigilance system of IK4-Tekniker is going to be analyzed for its evaluation. Finally the creation of the services previously mentioned are going to be described in detail, showing the technologies and tools used for that purpose like the Responsive Web Design.