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Persistent link: https://www.econbiz.de/10011624271
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...
Persistent link: https://www.econbiz.de/10012968584
This paper presents new approach to financial modeling and forecasting that is based on economic space notion. Economic space is defined as generalization of risk ratings and allows boost methods and description of financial processes. Risk ratings of economic agents are treated as coordinates...
Persistent link: https://www.econbiz.de/10012985935
This paper develops economic theory framework free from general equilibrium assumptions. We describe macroeconomics as system of economic agents under action of n risks. Economic and financial variables of agents, their expectations and transactions between agents define macroeconomic variables....
Persistent link: https://www.econbiz.de/10012889005