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Inflationary effects of monetary policies in newly industrialized economies with cross-sectoral labor and capital immobility
(Journal of Macroeconomics, 2016)
This paper studies the effects of monetary policies in newly industrialized economies characterized by extremely low level of labor and capital mobility between urban and rural sectors. Policies are executed in the urban ...
An evolutionary analysis of growth and fluctuations with negative externalities
(Springer International Publishing, 2018)
We present an evolutionary game theoretic model of growth and fluctuations with negative externalities. Agents in a population choose the level of input. Total output is a function of aggregate input and a productivity ...
Statistical estimation of time-varying complexity in financial networks
(The European Physical Journal B, 2019)
In this paper, we propose a method to characterize the relation between financial market instability and the underlying complexity by identifying structural relationships in dynamics of stock returns. The proposed framework ...
Dispersion in macroeconomic volatility between the core and periphery of the international trade network
(Elsevier, 2018-03)
At the country level, macroeconomic volatility tends to correlate with trade openness although
the direction of correlation is not stable across samples. Higher openness allows
for greater diversification opportunities, ...
Emergence of distributed coordination in the Kolkata Paise Restaurant problem with finite information
(Elseveir, 2017)
In this paper, we study a large-scale distributed coordination problem and propose efficient adaptive strategies to solve the problem. The basic problem is to allocate finite number of resources to individual agents in the ...
Stochastic Lotka-Volterra equations: a model of lagged diffusion of technology in an interconnected world
(Elsevier, 2016)
We present a model of technological evolution due to interaction between multiple countries and the resultant effects on the corresponding macro variables. The world consists of a set of economies where some countries are ...
"Hits" emerge through self-organized coordination in collective response of free agents
(American Physical Society, 2016)
Individuals in free societies frequently exhibit striking coordination when making independent decisions en masse. Examples include the regular appearance of hit products or memes with substantially higher popularity ...
Improving server utilization in a distributed computing set-up with independent clients
(2018)
We consider a set-up in which there are multiple servers and multiple clients in a large distributed
computing system. Clients request servers to process jobs. Servers can only process one job in unit time.
There is no ...
Absence of economic and social constants
(Springer, 2016)
In this article, we discuss the possibility of economics as a
discipline emulating the success of hard sciences. In our view, a fundamental obstacle arises from the fact that economics does not have
(m)any stable and ...
Productivity dispersion and output fluctuations: an evolutionary model
(Elsevier B.V., 2017)
We develop a model of technology choice with search costs. Innovators develop technology of varying quality or productivity. Firms acquire technology after paying a search cost to find high productivity technology. The ...