no code implementations • 20 Sep 2021 • Federico Guglielmo Morelli, Karl Naumann-Woleske, Michael Benzaquen, Marco Tarzia, Jean-Philippe Bouchaud
In the General Theory, Keynes remarked that the economy's state depends on expectations, and that these expectations can be subject to sudden swings.
no code implementations • 14 Jan 2021 • Federico Guglielmo Morelli, Michael Benzaquen, Jean-Philippe Bouchaud, Marco Tarzia
We study a self-reflexive DSGE model with heterogeneous households, aimed at characterising the impact of economic recessions on the different strata of the society.
Statistical Mechanics General Finance
no code implementations • 23 Dec 2020 • Giulio Biroli, Marco Tarzia
The idea is that the energy spreading of the mini-bands can be determined self-consistently by requiring that the maximum of the matrix elements between a site $i$ and the other $N^{D_1}$ sites of the support set is of the same order of the Thouless energy itself $N^{D_1 - 1}$.
Disordered Systems and Neural Networks Quantum Gases Statistical Mechanics
1 code implementation • 15 Jun 2020 • Dhruv Sharma, Jean-Philippe Bouchaud, Stanislao Gualdi, Marco Tarzia, Francesco Zamponi
We discuss the impact of a Covid-19--like shock on a simple model economy, described by the previously developed Mark-0 Agent-Based Model.
General Economics Physics and Society Economics
no code implementations • 24 May 2020 • Dhruv Sharma, Jean-Philippe Bouchaud, Marco Tarzia, Francesco Zamponi
More generally, our model shows that constraints at the individual scale can generate highly complex patterns at the aggregate level.
