Comments on: Micro-Foundations of a Resilience Approach to Macro-Economic Analysis http://www.macroresilience.com/2010/04/11/micro-foundations-of-a-resilience-approach-to-macro-economic-analysis/ towards a more resilient macroeconomy Sun, 05 Feb 2012 10:17:44 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Evolvability, Robustness and Resilience in Complex Adaptive Systems at Macroeconomic Resilience http://www.macroresilience.com/2010/04/11/micro-foundations-of-a-resilience-approach-to-macro-economic-analysis/comment-page-1/#comment-3941 Evolvability, Robustness and Resilience in Complex Adaptive Systems at Macroeconomic Resilience Mon, 30 Aug 2010 14:38:51 +0000 http://www.macroresilience.com/?p=333#comment-3941 [...] a previous post, I asserted that “the existence of irreducible uncertainty is sufficient to justify an [...] [...] a previous post, I asserted that “the existence of irreducible uncertainty is sufficient to justify an [...]

]]> By: admin http://www.macroresilience.com/2010/04/11/micro-foundations-of-a-resilience-approach-to-macro-economic-analysis/comment-page-1/#comment-793 admin Mon, 19 Apr 2010 21:43:05 +0000 http://www.macroresilience.com/?p=333#comment-793 John - Thanks. I'm afraid that I haven't analysed the '87 crash in this framework. John – Thanks. I’m afraid that I haven’t analysed the ’87 crash in this framework.

]]> By: John http://www.macroresilience.com/2010/04/11/micro-foundations-of-a-resilience-approach-to-macro-economic-analysis/comment-page-1/#comment-753 John Sat, 17 Apr 2010 05:24:07 +0000 http://www.macroresilience.com/?p=333#comment-753 Thanks very much for sharing these thoughts. It's troubled me that the standard representative agent models in macro have yet really to come to terms with Knightian uncertainty. This post helped a lot to untangle some thoughts that have occurred to me in at most only a vague, inarticulate form. Have you applied this analysis to theories about the '87 crash? It seems a sudden jolt, whatever the origin, that somehow triggers radical updating of expectations could help account for the cascading plunge in markets. Thanks very much for sharing these thoughts. It’s troubled me that the standard representative agent models in macro have yet really to come to terms with Knightian uncertainty. This post helped a lot to untangle some thoughts that have occurred to me in at most only a vague, inarticulate form.

Have you applied this analysis to theories about the ’87 crash? It seems a sudden jolt, whatever the origin, that somehow triggers radical updating of expectations could help account for the cascading plunge in markets.

]]> By: If I were much, much brighter I would write posts like these … « Freethinking Economist http://www.macroresilience.com/2010/04/11/micro-foundations-of-a-resilience-approach-to-macro-economic-analysis/comment-page-1/#comment-635 If I were much, much brighter I would write posts like these … « Freethinking Economist Sun, 11 Apr 2010 21:25:17 +0000 http://www.macroresilience.com/?p=333#comment-635 [...] can’t even remember what got me linked to Macroeconomic Resilience, but this post on the micro-economic foundations of the claim that a macro-economy can exhibit sudden fragility [...] [...] can’t even remember what got me linked to Macroeconomic Resilience, but this post on the micro-economic foundations of the claim that a macro-economy can exhibit sudden fragility [...]

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