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

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  • Sitthiyot, Thitithep

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.

Suggested Citation

  • Sitthiyot, Thitithep, 2015. "Macroeconomic and Financial Management in an Uncertain World: What Can We Learn from Complexity Science?," MPRA Paper 73753, University Library of Munich, Germany, revised 11 Dec 2015.
    • Handle: RePEc:pra:mprapa:73753
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    References listed on IDEAS

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    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • E00 - Macroeconomics and Monetary Economics - - General - - - General
    • G00 - Financial Economics - - General - - - General

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