Functional approximation of shocks

In this paper, we relax the assumption of symmetric government spending multipliers using a novel econometric procedure —Functional Approximation of Impulse Responses (FAIR)— that consists of directly modeling and estimating the economy’s impulse responses to structural shocks.

I barely read this one from Mark Thoma's site. 

The idea is that the shock effects have a rational approximation that adapts through the recession sequence.    This is akin to the relaxed assumption in the Napier-Stokes, trying to determine if the motion inside a volume is unique, by measuring expansion and contraction at the surface.

If one can construct rational approximators in run time, then one can compute a ratio, the government multiplier.  This is possible because index space and functional space are isomorphisms of same fraction, within a bound error.

They find that automatic stabilizers work during the crash.  Basically we want G to jump up to a Pell configuration on the Markov tree and just 'time synch' the workers through the worst part. 

The effect allows index space to rehire intermediaries to sort out the labor market. Then, after the intermediaries have a process,  government can drop down to the  bottom triple in the tree.