Conceptual and empirical models of the propensity to perform social activity–travel behavior are described, which incorporate the influence of individuals’ social context, namely their social networks. More explicitly, the conceptual model develops the concepts of egocentric social networks,...

We develop a novel financial market model in which the stock markets of two countries are linked via and with the foreign exchange market. To be precise, there are domestic and foreign speculators in each of the two stock markets which rely either on linear technical or linear fundamental...

We develop a novel financial market model in which the stock markets of two countries are linked via and with the foreign exchange market. To be precise, there are domestic and foreign speculators in each of the two stock markets which rely either on linear technical or linear fundamental...

This paper emphasizes the relationship between financial fragility and economic dynamics. It uses the Minskian microeconomic categories based on the "triad: hedge, speculative, and Ponzi" finance and puts them into a macro perspective. In this environment, there can be a sharp distinction...

A recent literature has analysed the Central Bank's credibility nature and determinants. In general, a Central Bank with higher credibility can implement a more efficient monetary policy, which is expressed through lower social costs in terms of volatility of relevant variables, such as output...

In this paper, we analyze the rich dynamic properties of the noisy chaotic model developed by Kyrtsou [C. Kyrtsou, Evidence for neglected linearity in noisy chaotic models, International Journal of Bifurcation and Chaos 15 (10) (2005)] considering homoskedastic errors, with the aim of deriving...

According to H. P. Minsky?s Financial Instability Hypothesis [1975], [1986], the endogenous deterioration of financial structures during growth phases generates endogenous dynamics. The traditional interpretation of Minsky?s analysis ascribes the origin of this process to irrational behaviours,...