Seminario del 2017

Marzo
21
2017
J. Barkley Rosser, Jr. - James Madison University
The Minsky Moment and the Revenge of Entropy
SEMINARIO INTERDISCIPLINARE
Considering macroeconomies as systems subject to stochastic forms of entropic equilibria, we shall consider how deviations driven by positive feedbacks as in a speculative bubble can drive such an economy into an anti-entropic state that can suddenly collapse back into an entropic state, with such a collapse taking the form of a Minsky moment. This can manifest itself as shifts in the boundary between the portion of the income distribution that is best modeled as Boltzmann-Gibbs and that best modeled as a Paretian power law.
organizzato da: Roberto Dieci
nell'ambito del Progetto R.F.O. 2014 del prof. Roberto Dieci

indietro