Macroeconomic and financial management in an uncertain world: What can we learn from complexity science?

• Tác giả: Thitithep Sitthiyot
• Ngôn ngữ: eng
• Ký hiệu phân loại: 339.5 Macroeconomic policy
• Thông tin xuất bản: 2021
• Bộ sưu tập: Metadata
• ID: 168480

Tóm tắt

Comment: 37 pagesThis paper discusses serious drawbacks of existing knowledge in macroeconomics and finance in explaining and predicting economic and financial phenomena. Complexity science is proposed as an alternative approach to be used in order to better understand how economy and financial market work. This paper argues that understanding characteristics of complex system could greatly benefit financial analysts, financial regulators, as well as macroeconomic policy makers.