Macroeconomic and financial management in an uncertain world: What can we learn from complexity science?
General Economics
2022-01-03 v1 Adaptation and Self-Organizing Systems
Economics
General Finance
Methodology
Abstract
This paper discusses serious drawbacks of existing knowledge in macroeconomics and finance in explaining and predicting economic and financial phenomena. Complexity science is proposed as an alternative approach to be used in order to better understand how economy and financial market work. This paper argues that understanding characteristics of complex system could greatly benefit financial analysts, financial regulators, as well as macroeconomic policy makers.
Cite
@article{arxiv.2112.15294,
title = {Macroeconomic and financial management in an uncertain world: What can we learn from complexity science?},
author = {Thitithep Sitthiyot},
journal= {arXiv preprint arXiv:2112.15294},
year = {2022}
}
Comments
37 pages