Wednesday, February 10, 2010

More Wonkish

My interest in economics advances to this Aoki, M, and here is a summary of his work.


Here is another.The graph of an economic simulation shows a characteristic recession, which the authors of the second paperattribute thus:
can suddenly punctuate its time path, due to bankruptcies of great firms that origin remarkable impacts on the business cycle via the financial sector

The approaches use statistical mechanics.

More later.

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