no code implementations • 28 Dec 2023 • J. Doyne Farmer, John Geanakoplos, Matteo G. Richiardi, Miquel Montero, Josep Perelló, Jaume Masoliver
The estimated long term discount rate is $1. 7$ \% for the UK and $2. 2$ \% for the US.
no code implementations • 7 Dec 2022 • Marco Pangallo, Alberto Aleta, R. Maria del Rio Chanona, Anton Pichler, David Martín-Corral, Matteo Chinazzi, François Lafond, Marco Ajelli, Esteban Moro, Yamir Moreno, Alessandro Vespignani, J. Doyne Farmer
The potential tradeoff between health outcomes and economic impact has been a major challenge in the policy making process during the COVID-19 pandemic.
no code implementations • 15 Jun 2022 • Joel Dyer, Patrick Cannon, J. Doyne Farmer, Sebastian M. Schmon
Calibrating agent-based models (ABMs) to data is among the most fundamental requirements to ensure the model fulfils its desired purpose.
no code implementations • 1 Feb 2022 • Joel Dyer, Patrick Cannon, J. Doyne Farmer, Sebastian Schmon
We present benchmarking experiments in which we demonstrate that neural network based black-box methods provide state of the art parameter inference for economic simulation models, and crucially are compatible with generic multivariate time-series data.
no code implementations • 18 Feb 2021 • Anton Pichler, Marco Pangallo, R. Maria del Rio-Chanona, François Lafond, J. Doyne Farmer
Looking back at predictions that we released in May, we show that the model predicted aggregate dynamics very well, and sectoral dynamics to a large extent.
no code implementations • 19 Jan 2021 • Anton Pichler, J. Doyne Farmer
Natural and anthropogenic disasters frequently affect both the supply and demand side of an economy.
no code implementations • 20 Sep 2020 • Maarten P. Scholl, Anisoara Calinescu, J. Doyne Farmer
Here we develop an alternative based on concepts and methods developed by biologists, in which the wealth invested in a financial strategy is like the abundance of a species.
no code implementations • 11 Oct 2019 • Jangho Yang, Torsten Heinrich, Julian Winkler, François Lafond, Pantelis Koutroumpis, J. Doyne Farmer
It is well-known that value added per worker is extremely heterogeneous among firms, but relatively little has been done to characterize this heterogeneity more precisely.
1 code implementation • 10 Jun 2019 • R. Maria del Rio-Chanona, Penny Mealy, Mariano Beguerisse-Díaz, Francois Lafond, J. Doyne Farmer
The potential impact of automation on the labor market is a topic that has generated significant interest and concern amongst scholars, policymakers, and the broader public.
no code implementations • 17 Oct 2018 • James McNerney, Charles Savoie, Francesco Caravelli, Vasco M. Carvalho, J. Doyne Farmer
Technological improvement is the most important cause of long-term economic growth.
no code implementations • 4 Sep 2008 • Jean-Philippe Bouchaud, J. Doyne Farmer, Fabrizio Lillo
In this article we revisit the classic problem of tatonnement in price formation from a microstructure point of view, reviewing a recent body of theoretical and empirical work explaining how fluctuations in supply and demand are slowly incorporated into prices.
Trading and Market Microstructure Statistical Mechanics Physics and Society