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Macro-Econophysics

New Studies on Economic Networks and Synchronization

Hideaki Aoyama author Yoshi Fujiwara author Yuichi Ikeda author Hiroshi Iyetomi author Wataru Souma author Hiroshi Yoshikawa author

Format:Hardback

Publisher:Cambridge University Press

Published:4th Jul '17

Currently unavailable, and unfortunately no date known when it will be back

Macro-Econophysics cover

This book explains the role of big data and statistical physics in understanding macroeconomic concepts.

The recent availability of big data on heterogeneity and synchronization of economic networks brings an opportunity to explore concepts of macroeconomics. The theories of statistical physics, complex networks and big data are applied to understand the intricacies of macroeconomic concepts including business cycles, systemic risks, inflation and productivity.The concepts of statistical physics and big data play an important role in the evidence-based analysis and interpretation of macroeconomic principles. The techniques of complex networks, big data, and statistical physics are useful to understand theories of economic systems, and the authors have applied these to understand the intricacies of complex macroeconomic problems. Recent research work using tools and techniques of big data, statistical physics, complex networks, and statistical science is covered, and basic graph algorithms and statistical measures of complex networks are described. The application of big data and statistical physics tools to assess price dynamics, inflation, systemic risks, and productivity is discussed. Chapter-end summary and numerical problems are provided to reinforce understanding of concepts.

ISBN: 9781107198951

Dimensions: 248mm x 191mm x 24mm

Weight: 850g

432 pages