13 Sep 2015
A new lecture on uncertainty traps has been added to the the Python side of quant-econ.net. (Hopefully we’ll get a Julia version up before too long.) The lecture studies a simplified version of a very interesting model due to Pablo Fajgelbaum, Edouard Schaal, and Mathieu Taschereau-Dumouchel. The model shows how self-reinforcing uncertainty can have large impacts on economic activity.
Published by: Natasha Watkins