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Dynamic stochastic general equilibrium (DSGE) models have been an ubiquitous, and controversial, part of macroeconomics for decades. In this paper, we approach DSGEs purely as statstical models. We do this by applying two common model…
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Diffusion coefficients are key thermophysical properties for modeling mass transport in liquids, but experimental data are scarce, making reliable prediction methods indispensable. In the present work, we introduce a new method for…
Most natural thermodynamic systems operate far from equilibrium, developing persistent currents and organizing into non-equilibrium stationary states (NESSs). Yet, the principles by which such systems self-organize, breaking equilibrium…
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