returning ain’t normal

Economists must grasp living.
We will hold them more accountable than thieves.

New approach to macroeconomic modeling by means of jump Markov processes by specifying transition rates appropriately in the backward Chapman-Kolmogorov (master equation); solutions of master equations to obtain aggregate dynamic equations, and fluctuations by solving the associated Fokker-Planck equations.

Modeling and analysis of multi-agent models to investigate such things as herding behavior and return dynamics, i.e., power-laws in share or stock markets; Modeling and analysis of multiple country models by state space time series technique; aggregation of economy with heterogeneous agents by neural network methods; adaptive learning algorithms.

It’s utterly clear now.
We can’t escape each other.