By scientific standards, the accuracy of short-term economic forecasts has been poor, and shows no sign of improving over time. We form a delay matrix of time-series data on the overall rate of growth of the economy, with lags spanning the period over which any regularity of behaviour is...

Power law distributions of macroscopic observables are ubiquitous in both the natural and social sciences. They are indicative of correlated, cooperative phenomena between groups of interacting agents at the microscopic level. In this paper, we argue that when one is considering aggregate...

Cover -- Half-title -- Title -- Copyright -- Dedication -- Contents -- Preface -- Acknowledgements -- 1 A primer on collateralised debt obligations -- 1.1 Introduction -- 1.2 Securitisation and tranching -- 1.3 Credit derivative products -- 1.3.1 Credit default swaps (CDSs) -- 1.3.1.1 Forward...

The impact of climate events on the economic and financial systems is of particular interest as societies navigate the transition towards a net-zero state (dealing with both physical and transition risk). Agent based models are a powerful modelling technique that can be used to model these...