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Colloquium: Statistical mechanics of money, wealth, and income
Colloquium Statistical mechanics of money wealth income
2010/11/1
This Colloquium reviews statistical models for money, wealth, and income distributions devel-
oped in the econophysics literature since the late 1990s. By analogy with the Boltzmann-Gibbs
distributi...
A k-generalized statistical mechanics approach to income analysis
Personal income distribution inequality generalized statistics
2010/10/29
This paper proposes a statistical mechanics approach to the analysis of income distribution and inequality. A new distribution function, having its roots in the framework of -generalized statistics, ...
INTERPRETING THE EVIDENCE ON MONEY-INCOME CAUSALITY
INTERPRETING THE EVIDENCE MONEY-INCOME CAUSALITY
2014/3/18
Previous researchers have reached strikingly different conclusions about the usefulness of money for forecasting real output based on closely related regression-based tests. An e...
THE CONVERGENCE OF MULTIVARIATE ‘UNIT ROOT’ DISTRIBUTIONS TO THEIR ASYMPTOTIC LIMITS The Case of Money-Income Causality
MULTIVARIATE UNIT ROOT DISTRIBUTIONS THEIR ASYMPTOTIC LIMITS Money-Income Causality
2014/3/18
We examine the quality of recently developed asymptotic approximations to the sampling distributions of various statistics in levels regressions when the regressors have unit ro...