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This paper develops a new model of business cycles. The model is economical in that it is solved with an aggregate demand-aggregate supply diagram, and the effects of shocks and policies are obtained by comparative statics. The model builds…

理论经济学 · 经济学 2022-03-22 Pascal Michaillat , Emmanuel Saez

Population bursts in a large ensemble of coupled elements result from the interplay between the local excitable properties of the nodes and the global network topology. Here collective excitability and self-sustained bursting oscillations…

适应与自组织系统 · 物理学 2025-05-29 Marzena Ciszak , Francesco Marino , Alessandro Torcini , Simona Olmi

This short review presents a selected history of the mutual fertilization between physics and economics, from Isaac Newton and Adam Smith to the present. The fundamentally different perspectives embraced in theories developed in financial…

综合金融 · 定量金融 2015-06-19 D. Sornette

The Kuramoto model is a versatile mathematical framework that explains phenomena resulting from interactions among phase oscillators. It finds applications in various scientific and engineering domains. In this study, we focused on a…

混沌动力学 · 物理学 2023-06-28 Mohammad Javad Nouhi , Javad Noorbakhsh

Due to its description of a synchronization between oscillators, the Kuramoto model is an ideal choice for a synchronisation algorithm in networked systems. This requires to achieve not only a frequency synchronization but also a phase…

系统与控制 · 电气工程与系统科学 2024-03-21 Andreas Bathelt , Vimukthi Herath , Thomas Dallmann

We propose a simple framework to understand commonly observed crisis waves in macroeconomic Agent Based models, that is also relevant to a variety of other physical or biological situations where synchronization occurs. We compute exactly…

Globally coupled ensembles of phase oscillators serve as useful tools for modeling synchronization and collective behavior in a variety of applications. As interest in the effects of simplicial interactions (i.e., non-additive, higher-order…

适应与自组织系统 · 物理学 2021-01-13 Can Xu , Per Sebastian Skardal

In this article the problem of reconstructing the pattern of connection between agents from partial empirical data in a macro-economic model is addressed, given a set of behavioral equations. This systemic point of view puts the focus on…

综合经济学 · 经济学 2019-01-30 Aurélien Hazan

Understanding the mechanisms that govern collective synchronization is a paramount task in nonlinear dynamics. While higher-order (many-body) interactions have recently emerged as a powerful framework for capturing collective behaviors,…

适应与自组织系统 · 物理学 2025-12-19 Narumi Fujii , Keisuke Taga , Riccardo Muolo , Bob Rink , Hiroya Nakao

The emergence of interconnected urban networks is a crucial feature of globalisation processes. Understanding the drivers behind the growth of such networks - in particular urban firm networks -, is essential for the economic resilience of…

物理与社会 · 物理学 2020-09-14 Juste Raimbault , Natalia Zdanowska , Elsa Arcaute

We consider a recently introduced generalization of the Ising model in which individual spin strength can vary. The model is intended for analysis of ordering in systems comprising agents which, although matching in their binarity (i.e.,…

统计力学 · 物理学 2021-09-28 Mariana Krasnytska , Bertrand Berche , Yurij Holovatch , Ralph Kenna

Spontaneous synchronization is a remarkable collective effect observed in nature, whereby a population of oscillating units, which have diverse natural frequencies and are in weak interaction with one another, evolves to spontaneously…

适应与自组织系统 · 物理学 2018-08-23 Stefano Gherardini , Shamik Gupta , Stefano Ruffo

The Kuramoto model is a dynamical system that models the interaction of coupled oscillators. There has been much work to effectively bound the number of equilibria to the Kuramoto model for a given network. By formulating the Kuramoto…

代数几何 · 数学 2024-09-26 Tianran Chen , Evgeniia Korchevskaia , Julia Lindberg

Recently, a novel model to describe ordering in systems comprising agents which, although matching in their binarity (i.e., maintaining the iconic Ising features of ``+'' or ``-'', ``up'' or ``down'', ``yes'' or ``no''), still differing in…

统计力学 · 物理学 2024-09-25 M. Krasnytska

In the field of collective dynamics, the Kuramoto model serves as a benchmark for the investigation of synchronization phenomena. While mean-field approaches and complex networks have been widely studied, the simple topology of a circle is…

适应与自组织系统 · 物理学 2024-02-21 Albert Díaz-Guilera , Dimitri Marinelli , Conrad J. Pérez-Vicente

Weighted reciprocity between two agents can be defined as the minimum of sending and receiving value in their bilateral relationship. In financial networks, such reciprocity characterizes the importance of individual banks as both liquidity…

计算金融 · 定量金融 2024-12-16 Lutz Honvehlmann

Real-world complex systems such as ecological communities and neuron networks are essential parts of our everyday lives. These systems are composed of units which interact through intricate networks. The ability to predict sudden changes in…

适应与自组织系统 · 物理学 2019-07-05 Deniz Eroglu , Matteo Tanzi , Sebastian van Strien , Tiago Pereira

Randomly coupled Ising spins constitute the classical model of collective phenomena in disordered systems, with applications covering ferromagnetism, combinatorial optimization, protein folding, stock market dynamics, and social dynamics.…

无序系统与神经网络 · 物理学 2016-08-24 David Dahmen , Hannah Bos , Moritz Helias

We consider the inertial Kuramoto model of $N$ globally coupled oscillators characterized by both their phase and angular velocity, in which there is a time delay in the interaction between the oscillators. Besides the academic interest, we…

适应与自组织系统 · 物理学 2020-05-29 David Métivier , Lucas Wetzel , Shamik Gupta

Business cycles tend to comove across countries. However, standard models that attribute comovement to propagation of exogenous shocks struggle to generate a level of comovement that is as high as in the data. In this paper, we consider…

综合经济学 · 经济学 2024-09-13 Marco Pangallo