The description of the dynamics and fluctuations of macro variables remains one of the most exciting problems of financial economics. This paper models macro variables via the description of transactions between agents. We use risk ratings x of agents as their coordinates in the economic space....

This paper develops methods and a framework of financial market theory. We model financial markets as a system of agents which perform market transactions with other agents under the action of numerous expectations. Agents’ expectations are formed of economic and financial variables, market...

We introduce the new price probability measure, which entirely depends on the probability measures of the value and the volume of the market trades. We define the nth statistical moment of the price as the ratio of the nth statistical moment of the value to the nth statistical moment of the...

This paper describes macroeconomic surface-like waves on economic space. We model macroeconomics as ensemble of economic agents and use their risk ratings as coordinates on economic space. Aggregates of agent's economic variables at point x define macroeconomic variables as functions of x on...

This paper develops parallels between economics and physics and describes macroeconomics as multi-agent systems on economic space alike to multi-particle systems. Economic agents play roles of simple units of macroeconomics alike to “economic particles” and agent's risk ratings define their...

This paper introduces Economic Space notion to expand capacity for economic and financial modeling. Introduction of Economic Space allows define economic variables as functions of time and coordinates and opens the way for treating economic and financial relations similar to mathematical physics...

This paper presents general approach to description of business cycles aggregate fluctuations of economic and financial variables. We model economics as ensemble of agents on economic space and agent's risk ratings play role of their coordinates. Aggregation of variables of agents with...