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Cambridge University Press Interactive Macroeconomics: Stochastic Aggregate Dynamics with Heterogeneous and Interacting Agents (Physics of Society: Econophysics and Sociophysics)

Name: Interactive Macroeconomics: Stochastic Aggregate Dynamics with Heterogeneous and Interacting Agents (Physics of Society: Econophysics and Sociophysics)
Brand: Cambridge University Press

Econometrics

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One of the major problems of macroeconomic theory is the way in which the people exchange goods in decentralized market economies. There are major disagreements among macroeconomists regarding tools to influence required outcomes. Since the mainstream efficient market theory fails to provide an internal coherent framework, there is a need for an alternative theory. The book provides an innovative approach for the analysis of agent based models, populated by the heterogeneous and interacting agents in the field of financial fragility. The text is divided in two parts; the first presents analytical developments of stochastic aggregation and macro-dynamics inference methods. The second part introduces macroeconomic models of financial fragility for complex systems populated by heterogeneous and interacting agents. The concepts of financial fragility and macroeconomic dynamics are explained in detail in separate chapters. The statistical physics approach is applied to explain theories of macroeconomic modelling and inference.

Product Specifications

Brand: Cambridge University Press
Format: hardcover
ASIN: 1107198941
Category: Books > Subjects > Business, Finance & Law > Economics > Econometrics
Domain: Amazon UK
Release Date: 20 April 2017
Listed Since: 29 December 2016

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Cambridge University Press Interactive Macroeconomics: Stochastic Aggregate Dynamics with Heterogeneous and Interacting Agents (Physics of Society: Econophysics and Sociophysics)

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