Lending Sociodynamics and Drivers of the Financial Business Cycle

Lending Sociodynamics and Drivers of the Financial Business Cycle

We extend sociodynamic modeling of the financial business cycle to the Euro Area andJapan. Using an opinion-formation model and machine learning techniques we find stable modelestimation of the financial business cycle using central bank lending surveys and a few selectedmacroeconomic variables. We...

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Bibliographic Details
Main Authors: Raymond J. Hawkins, Hengyu Kuang
Format: Article
Language:English
Published: AIMS Press 2017-10-01
Series:Quantitative Finance and Economics
Subjects:
economic instability
Financial Instability hypothesis
Sociodynamics
opinion formation
systemic risk
Random Forest
Fokker-Planck equation
Online Access:http://www.aimspress.com/QFE/article/1643/fulltext.html

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http://www.aimspress.com/QFE/article/1643/fulltext.html

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