Scaling laws in the macroeconomy

Delli Gatti, D; Di Guilmi, C; Gallegati, M; Gaffeo, E; Giulioni, G; Palestrini, A

Scaling laws in the macroeconomy

Delli Gatti, D Di Guilmi, C

Gallegati, M Gaffeo, E Giulioni, G Palestrini, A

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Publisher:: World Scientific
Publication Type:: Journal Article
Citation:: Advances in Complex Systems, 2008, 11 (1), pp. 131 - 138
Issue Date:: 2008-01

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Field	Value	Language
dc.contributor.author	Delli Gatti, D	en_US
dc.contributor.author	Di Guilmi, C https://orcid.org/0000-0001-7786-039X	en_US
dc.contributor.author	Gallegati, M	en_US
dc.contributor.author	Gaffeo, E	en_US
dc.contributor.author	Giulioni, G	en_US
dc.contributor.author	Palestrini, A	en_US
dc.date.issued	2008-01	en_US
dc.identifier.citation	Advances in Complex Systems, 2008, 11 (1), pp. 131 - 138	en_US
dc.identifier.issn	0219-5259	en_US
dc.identifier.uri	http://hdl.handle.net/10453/66691
dc.description.abstract	The practice of detecting power laws and scaling behaviors in economics and finance has gained momentum in the last few years, due to the increased use of concepts and methods first developed in statistical physics. Some disappointment has emerged in the economic profession, however, as regards the models proposed so far to theoretically explain these phenomena. In this paper we aim to address this criticism, showing that scaling behaviors can naturally emerge in a multiagent system with optimizing interacting units characterized by financial fragility	en_US
dc.publisher	World Scientific	en_US
dc.relation.ispartof	Advances in Complex Systems	en_US
dc.relation.isbasedon	10.1142/S0219525908001532	en_US
dc.subject.classification	Fluids & Plasmas	en_US
dc.title	Scaling laws in the macroeconomy	en_US
dc.type	Journal Article
utslib.citation.volume	1	en_US
utslib.citation.volume	11	en_US
utslib.for	0102 Applied Mathematics	en_US
utslib.for	1701 Psychology	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	closed_access
pubs.consider-herdc	false	en_US
pubs.issue	1	en_US
pubs.volume	11	en_US

Abstract:

The practice of detecting power laws and scaling behaviors in economics and finance has gained momentum in the last few years, due to the increased use of concepts and methods first developed in statistical physics. Some disappointment has emerged in the economic profession, however, as regards the models proposed so far to theoretically explain these phenomena. In this paper we aim to address this criticism, showing that scaling behaviors can naturally emerge in a multiagent system with optimizing interacting units characterized by financial fragility

Please use this identifier to cite or link to this item:

http://hdl.handle.net/10453/8325