Instabilities in large economies: aggregate volatility without idiosyncratic shocks

DOI10.1088/1742-5468/2014/10/P10040zbMath1456.91059arXiv1406.5022OpenAlexW3124388175MaRDI QIDQ3301776

David Thesmar, Augustin Landier, Jean-Philippe Bouchaud, Julius Bonart

Publication date: 11 August 2020

Published in: Journal of Statistical Mechanics: Theory and Experiment (Search for Journal in Brave)

Full work available at URL: https://arxiv.org/abs/1406.5022

Mathematics Subject Classification ID

Economic dynamics (91B55)

Related Items (2)

Out-of-equilibrium dynamics and excess volatility in firm networks ⋮ On the emergence of scale-free production networks

Cites Work

• Nonlinear oscillations, dynamical systems, and bifurcations of vector fields
• Statistical models for company growth
• Crises and collective socio-economic phenomena: simple models and challenges
• Generalised central limit theorems for growth rate distribution of complex systems
• On the nature of turbulence
• The Network Origins of Aggregate Fluctuations
• The Granular Origins of Aggregate Fluctuations
• Complex dynamics in learning complicated games

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