Preprint Article Version 1 Preserved in Portico This version is not peer-reviewed

Theoretical Foundations of Macroeconomics with Impulse and Jump Characteristics

Version 1 : Received: 19 October 2023 / Approved: 19 October 2023 / Online: 20 October 2023 (07:05:44 CEST)

How to cite: Aliukov, S.V. Theoretical Foundations of Macroeconomics with Impulse and Jump Characteristics. Preprints 2023, 2023101293. https://doi.org/10.20944/preprints202310.1293.v1 Aliukov, S.V. Theoretical Foundations of Macroeconomics with Impulse and Jump Characteristics. Preprints 2023, 2023101293. https://doi.org/10.20944/preprints202310.1293.v1

Abstract

In recent years, the economies of many countries of the world are in a situation of intense shock processes. The current situation urgently needs to change the economic paradigm in the near future, which objectively requires the development of new conceptual models. The purpose of the paper is to develop the basic theoretical provisions of a new macroeconomics based on impulse and jump processes. Research problems are the following: 1) to describe the main types of impulse and jump functions with examples from economic theory and practice; 2) to perform an analytical representation of impulse and jump functions; 3) to select macroeconomic characteristics for the analysis of rapidly changing processes in the economy; 4) to create models and mechanisms for predicting impulsive and abrupt changes in macroeconomics. The approaches to the development of macroeconomic theory and its methods proposed in the article are not associated with the use of evolutionary continuous functions, for example, power functions, which is typical for many canonical macroeconomic models. These approaches do not include management decisions to achieve optimal values of given target functions, which is typical for recursive macroeconomic models of dynamic programming. This article is about formulating the foundations of macroeconomic theory and its methods, which, with some degree of accuracy, could give a forecast about the impending possibility of abrupt changes (impulse, shock, jump, stepwise and others) in the macroeconomic situation. The research methodology is statistical analysis, special methods for studying impulse and jump processes developed by the author. As a result of the study, the main provisions of the macroeconomic theory based on rapid impulse and spasmodic changes were formulated, approaches were outlined for constructing the tools of this theory, problems and tasks for further research were identified.

Keywords

macroeconomics; theoretical foundations; impulse and jump characteristics

Subject

Business, Economics and Management, Economics

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