Fixed link

erickb's comments

erickb's pictureerickb's Profile | Submissions (9) | Comments (4) | Blogs (1)
erickb's pictureerickb said on 03 August 2012

This paper is aimed more at an economics audience than an econophysics audience, but I think that the general area of research is of interest to econophysicists: providing "microfoundations" for macroeconomics. There has been a lot done on this topic in economics but I think many economists would agree that the current situation is unsatisfactory. This paper takes an analytical approach that builds on existing economic models, but I think that many methods currently in use by econophysicists could yield interesting results in this area.

erickb's pictureerickb said on 03 August 2012

This paper is aimed more at an economics audience than an econophysics audience, but I think that the general area of research is of interest to econophysicists: providing "microfoundations" for macroeconomics. There has been a lot done on this topic in economics but I think many economists would agree that the current situation is unsatisfactory. This paper takes an analytical approach that builds on existing economic models, but I think that many methods currently in use by econophysicists could yield interesting results in this area.

erickb's pictureerickb said on 02 March 2012

I agree with Pertev Dural that it is important and interesting to look beyond financial economics. But there are also some examples of this sort of work, like Viaggiu et al. "Statistical ensembles for money and debt" (http://arxiv.org/abs/1109.0891) and Ikeda et al. "Coupled Oscillator Model of the Business Cycle with Fluctuating Goods Markets" (http://arxiv.org/abs/1110.6679). Given the dominance of financial economics in econophysics it would be nice to have a venue (e-journal? special issue? discussion area on the econophysics forum?) devoted to non-financial econophysics.

erickb's pictureerickb said on 12 August 2011

This was revised 7 Aug. The revised paper includes a simple motivating model that gives rise to a second-order dynamic, and fixes some minor typographical errors.