Macroeconomic and Financial Management in an Uncertain World: What Can We Learn from Complexity Science?

Thitithep Sitthiyot

MPRA Paper from University Library of Munich, Germany

Abstract: This paper discusses serious drawbacks of existing knowledge in macroeconomics and finance in explaining and predicting economic and financial phenomena. Complexity science is proposed as an alternative approach to be used in order to better understand how economy and financial market work. This paper argues that understanding characteristics of complex system could greatly benefit financial analysts, financial regulators, as well as macroeconomic policy makers.

Keywords: Macroeconomics; Finance; Complexity Science (search for similar items in EconPapers)
JEL-codes: A10 E00 G00 (search for similar items in EconPapers)
Date: 2015-07-20, Revised 2015-12-11
New Economics Papers: this item is included in nep-hme, nep-mac and nep-pke
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Published in Thammasat Economic Journal 33.3(2015): pp. 1-34

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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:73753

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