Related papers: Sectoral Labor Mobility and Optimal Monetary Polic…
We use the power-counting formalism of effective field theory to study the size of loop corrections in theories of slow-roll inflation, with the aim of more precisely identifying the limits of validity of the usual classical inflationary…
We consider the life-cycle optimal portfolio choice problem faced by an agent receiving labor income and allocating her wealth to risky assets and a riskless bond subject to a borrowing constraint. In this paper, to reflect a realistic…
We commonly encounter the problem of identifying an optimally weight adjusted version of the empirical distribution of observed data, adhering to predefined constraints on the weights. Such constraints often manifest as restrictions on the…
The objective of this work is twofold: to expand the depression models proposed by Tobin and analyse a supply shock, such as the Covid-19 pandemic, in this Keynesian conceptual environment. The expansion allows us to propose the evolution…
We study the possibility that inflation is driven by a scalar field together with a vector field minimally coupled to gravity. By assuming an effective potential that incorporates both fields into the action, we explore two distinct…
Our computational economic analysis investigates the relationship between inequality, mobility and the financial accumulation process. Extending the baseline model by Levy et al., we characterise the economic process through stylised return…
Large, spatially flexible electricity consumers such as data centers can reallocate demand across locations, influencing dispatch and prices in wholesale electricity markets. While flexible load is often assumed to improve system…
In this work we shall study $k$-inflation theories with non-minimal coupling of the scalar field to gravity, in the presence of only a higher order kinetic term of the form $\sim \mathrm{const}\times X^{\mu}$, with…
The objective of the paper is to understand the role of workers bargaining for the labor share in transition economies. We rely on a share-capital schedule, whereby workers bargaining power is represented as a move off the schedule.…
Two kinetic exchange models are proposed to explore the dynamics of closed economic markets characterized by random exchanges, saving propensities, and collective transactions. Model I simulates a system where individual transactions occur…
This article presents a possible inflation scenario as a consequence of non-minimal gravitational couplings in the Conformal Standard Model. The model consists, in comparison to the SM, of additional right-chiral neutrinos and complex…
We study the ultra slow roll model in the context of stochastic inflation. Using stochastic $\delta N$ formalism, we calculate the mean number of $e$-folds, the power spectrum, the bispectrum and the stochastic corrections into these…
We review the constraints that the recently released Cosmic Microwave Background (CMB) Planck data put on inflation and we argue that single field slow-roll inflationary scenarios (with minimal kinetic term) are favored. Then, within this…
Studies of wealth inequality often assume that an observed wealth distribution reflects a system in equilibrium. This constraint is rarely tested empirically. We introduce a simple model that allows equilibrium but does not assume it. To…
Motivated by optimal re-balancing of a portfolio, we formalize an optimal transport problem in which the transported mass is scaled by a mass-change factor depending on the source and destination. This allows direct modeling of the creation…
In construction of an inflationary model, one usually assumes that the matter sector of the gravitational action is minimally coupled to the background. It means that the matter (inflaton) part of the action is coupled with the same metric…
The recent BICEP2 B-mode polarization determination of an inflationary tensor-scalar ratio $r=0.2^{+0.07}_{-0.05}$ is in tension with simple scale-free models of inflation due to a lack of a corresponding low multipole excess in the…
Urban mobility plays a crucial role in the functioning of cities, influencing economic activity, accessibility, and quality of life. However, the effectiveness of analytical models in understanding urban mobility patterns can be…
A new critical effect is predicted in population dispersal. It is based on the fact that a trade-off between the advantages of mobility and the cost of mobility breaks with a significant deterioration in living conditions. The recently…
We present a robust version of the life-cycle optimal portfolio choice problem in the presence of labor income, as introduced in Biffis, Gozzi and Prosdocimi ("Optimal portfolio choice with path dependent labor income: the infinite horizon…