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Aggregate Fluctuations from Independent Sectoral Shocks : Self-Organized Criticality in a Model of Production and Inventory Dynamics

Bak, Peter - 1992

This paper illustrates how fluctuations in aggregate economic activity can result from many small, independent shocks to individual sectors. The effects of the small independent shocks fail to cancel in the aggregate due to the presence of two non-standard assumptions: local interaction between...

Persistent link: https://www.econbiz.de/10012474722

Aggregate Fluctuations from Independent Sectoral Shocks : Self-Organized Criticality in a Model of Production and Inventory Dynamics

Bak, Peter; Chen, Kan; Scheinkman, José; Woodford, Michael - 2021

Persistent link: https://www.econbiz.de/10013217212

Self-organized criticality and economic fluctuations

Scheinkman, José Alexandre - In: The American economic review 84 (1994) 2, pp. 417-421

Persistent link: https://www.econbiz.de/10001168399

Social climate as a mediator between leadership behavior and employee well-being in a cross-cultural perspective

Muhonen, Tuija; Jönsson, Sandra; Denti, Leif; Chen, Kan - In: The journal of management development 32 (2013) 10, pp. 1040-1055

Persistent link: https://www.econbiz.de/10010232026

Social climate and job control as mediators between empowering leadership and learning from a cross-cultural perspective

Jönsson, Sandra; Muhonen, Tuija; Denti, Leif; Chen, Kan - In: International journal of cross cultural management : CCM 15 (2015) 2, pp. 135-149

Persistent link: https://www.econbiz.de/10011379429

Experts, noise traders, and fat tail distributions

Bak, Per - In: Economic notes : economic review of Banca Monte dei … 26 (1997) 2, pp. 251-290

Persistent link: https://www.econbiz.de/10001337762

Aggregate fluctuations from independent sectoral shocks : self-organized criticality in a model of production and inventory dynamics

Bak, Per (contributor) - 1992

Persistent link: https://www.econbiz.de/10014422900

Interdisciplinary planning : a perspective for the future

Dluhy, Milan J. (ed.); Chen, Kan (ed.) - Rutgers University / Center for Urban Policy Research - 1986

Persistent link: https://www.econbiz.de/10000707701

Reponses to Professor Skolimowski's article

Berg, Mark R.; Chen, Kan; Coates, Joseph F. - In: Technological forecasting & social change : an … 8 (1976) 4, pp. 435-438

Persistent link: https://www.econbiz.de/10001899322

A value-oriented policy generation methology for technology assessment

Berg, Mark; Chen, Kan; Zissis, George - In: Technological forecasting & social change : an … 8 (1976) 4, pp. 401-420

Persistent link: https://www.econbiz.de/10001899339