Search results
Results from the WOW.Com Content Network
The Clay Mathematics Institute officially designated the title Millennium Problem for the seven unsolved mathematical problems, the Birch and Swinnerton-Dyer conjecture, Hodge conjecture, Navier–Stokes existence and smoothness, P versus NP problem, Riemann hypothesis, Yang–Mills existence and mass gap, and the Poincaré conjecture at the ...
The calculation for the output gap is (Y–Y*)/Y* where Y is actual output and Y* is potential output. If this calculation yields a positive number it is called an inflationary gap and indicates the growth of aggregate demand is outpacing the growth of aggregate supply—possibly creating inflation; if the calculation yields a negative number it is called a recessionary gap—possibly ...
Fred Bortz gave the book a positive review in The Dallas Morning News, commenting "few authors are better at understanding their readers than the prolific mathematics writer Ian Stewart" and saying that "anyone who has always loved math for its own sake or for the way it provides new perspectives on important real-world phenomena will find ...
The introduction of inflationary expectations into the equation implies that actual inflation can feed back into inflationary expectations and thus cause further inflation. The late economist James Tobin dubbed the last term "inflationary inertia", because in the current period, inflation exists which represents an inflationary impulse left ...
The Polymath8 project [11] was proposed to improve the bounds for small gaps between primes. It has two components: Polymath8a, "Bounded gaps between primes", was a project to improve the bound H = H 1 on the least gap between consecutive primes that was attained infinitely often, by developing the techniques of Yitang Zhang. This project ...
Monetary inflation is a sustained increase in the money supply of a country (or currency area). Depending on many factors, especially public expectations, the fundamental state and development of the economy, and the transmission mechanism, it is likely to result in price inflation, which is usually just called "inflation", which is a rise in the general level of prices of goods and services.
Americans tend to focus on the rising price of groceries, gas, or dining out when thinking about inflation. What we tend to forget is that our wages have kept up with rising prices.
Each volume the contains problems at the beginning and (brief) solutions at the end. As two authors have put it, "there is a general consensus among mathematicians that the two-volume Pólya-Szegő is the best written and most useful problem book in the history of mathematics." [1]: 59