📅 2023-05-30 — Session: Analyzed Aggregate Volatility in Economic Systems
🕒 22:00–23:20
🏷️ Labels: Aggregate Volatility, Economic Dynamics, Empirical Analysis, Gabaix Critique, Latex Citations
📂 Project: Business
⭐ Priority: MEDIUM
Session Goal: The session aimed to explore the dynamics of aggregate volatility in economic systems, focusing on the relationship between micro and macro dynamics, and the impact of agent characteristics on volatility.
Key Activities:
- Reviewed literature on aggregate volatility, examining the influence of agent size distributions and fluctuations on economic dynamics.
- Discussed the implications of log-normal and power law distributions, and the role of non-linear shocks in volatility.
- Analyzed empirical data from French firms (1997-2014) using computational tools and bootstrapping methods.
- Critiqued existing economic models, particularly Gabaix’s 2011 work, and proposed alternative frameworks for understanding volatility.
- Explored the use of LaTeX for citation management, focusing on the ‘\citep’ command.
Achievements:
- Developed a deeper understanding of the factors influencing aggregate volatility and their implications for economic theory and policy.
- Identified shortcomings in existing models and proposed new methodologies for empirical validation.
Pending Tasks:
- Further empirical testing of proposed models to validate findings.
- Continued exploration of computational tools to enhance data analysis capabilities.