David Altig at macroblog has joined the fierce discussion of the problems in theoretical economics related to the complete failure in prediction of the current crisis. The economic profession is very reluctant to recognize (not admit) the inconsistency of the mainstream ideas and tools.
Briefly, our approach has been formulated in the article "Does economics need a scientific revolution?" as a reaction to the article by J.-P. Bouchaud "Economics need a scientific revolution" in Nature.
Our research, as a whole, is a quantitative alternative to the mainstream economics. This blog highlights relevant results.
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Spatio-temporal evolution of low-magnitude seismicity before the May 24, 2013, Sea of Okhotsk earthquake recovered by waveform cross correlation. Is it an earthquake prediction case?
Abstract According to the International Data Centre (IDC), the Sea of Okhotsk earthquake occurred at 05:44:49.7 on May 24, 2013, had c...
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These are two biggest parts of the Former Soviet Union. To characterize them from the economic point of view we borrow data from the Tot... -
These days sanctions and retaliation is a hot topic. The first round is over and we will likely observe escalation well supported by po...
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This paper "Gender income disparity in the USA: analysis and dynamic modelling" is also of interest Abstract We analyze and deve...
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