Spatial Diffusion of Economic Shocks in Networks
نویسندگان
چکیده
منابع مشابه
Shocks in Nonlinear Diffusion
Using two models that incorporate a nonlinear forward-backward heat equation, we demonstrate the existence of well-deened weak solutions containing shocks for diiusive problems. Occurrence of shocks is connected to multivalued inverse solutions and non-monotone potential functions. Unique viscous solutions are determined from perturbation theory by matching to a shock layer condition. Results o...
متن کاملMetastable Features of Economic Networks and Responses to Exogenous Shocks
It is well known that a network structure plays an important role in addressing a collective behavior. In this paper we study a network of firms and corporations for addressing metastable features in an Ising based model. In our model we observe that if in a recession the government imposes a demand shock to stimulate the network, metastable features shape its response. Actually we find that th...
متن کاملEconomic shocks, wealth and welfare
The immediate effects of the Asian crisis on the well-being of Indonesians are examined using the Indonesia Family Life Survey, an on-going longitudinal household survey. There is tremendous diversity in the effect of the shock: for some households, it was devastating; for others it brought new opportunities. A wide array of mechanisms were adopted in response to the crisis. Households combined...
متن کاملDemand Shocks and Economic Fluctuations
This paper studies conditions under which demand-side shocks can generate realistic business cycles in RBC models. Although highly persistent demand shocks are necessary for generating procyclical investment, variable capacity utilization and habit formation can reduce the required degree of persistence. Keywords: Demand Shocks; Halls Residual; Real Business Cycles; Crowding Out; Investment Dy...
متن کاملMulti shocks in Reaction-diffusion models
It is shown that, concerning equivalent classes, on a one-dimensional lattice with nearest neighbor interaction there are only four independent models possessing double-shocks . All these models are studied. In two of them at large times, the average width of double shock will become small, and for the other two, double shocks will be disappeared and the final state is a linear combination of B...
متن کاملذخیره در منابع من
با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید
ژورنال
عنوان ژورنال: SSRN Electronic Journal
سال: 2018
ISSN: 1556-5068
DOI: 10.2139/ssrn.3163291