Business Cycles as Collective Risk Fluctuations
Clicks: 170
ID: 282172
2020
Article Quality & Performance Metrics
Overall Quality
Not rated
Combines reader engagement with the AI quality analysis. This
article has not been analysed, so there is no overall score —
reader engagement is measured and shown alongside.
Reader Engagement
Steady Performance
30.0
/100
170 views
53 readers
AI Quality Assessment
Not analyzed
Readership in this journal
SteadyRanked #5 of 803 articles by views in arXiv
Most read
Least read
Bar heights use a square-root scale. Only the 120 most-read articles are drawn; the journal has 803 in total.
Mint this article as an NFT
Not yet mintedCreate a permanent, verifiable on-chain record of this article on the Scimatic Network. The NFT is held in your Journament account, and you can withdraw it to your own wallet at any time.
5
SUSD
one-off · no wallet required
Abstract
We suggest use continuous numerical risk grades [0,1] of R for a single risk
or the unit cube in Rn for n risks as the economic domain. We consider risk
ratings of economic agents as their coordinates in the economic domain.
Economic activity of agents, economic or other factors change agents risk
ratings and that cause motion of agents in the economic domain. Aggregations of
variables and transactions of individual agents in small volume of economic
domain establish the continuous economic media approximation that describes
collective variables, transactions and their flows in the economic domain as
functions of risk coordinates. Any economic variable A(t,x) defines mean risk
XA(t) as risk weighted by economic variable A(t,x). Collective flows of
economic variables in bounded economic domain fluctuate from secure to risky
area and back. These fluctuations of flows cause time oscillations of
macroeconomic variables A(t) and their mean risks XA(t) in economic domain and
are the origin of any business and credit cycles. We derive equations that
describe evolution of collective variables, transactions and their flows in the
economic domain. As illustration we present simple self-consistent equations of
supply-demand cycles that describe fluctuations of supply, demand and their
mean risks.
| Reference Key |
olkhov2020business
Use this key to autocite in the manuscript while using
SciMatic Manuscript Manager or Thesis Manager
|
|---|---|
| Authors | Victor Olkhov |
| Journal | arXiv |
| Year | 2020 |
| DOI |
DOI not found
|
| URL | |
| Keywords |
Citations
No citations found. To add a citation, contact the admin at info@scimatic.org
Comments
No comments yet. Be the first to comment on this article.