We investigate a multihousehold dynamic stochastic general equilibrium (DSGE) model in
which past aggregate consumption impacts the confidence, and therefore consumption …

Predicting the occurrence of rare and extreme events in complex systems is a fundamental
problem in non-equilibrium physics. These events can have huge impacts on human …

Most of chaos-based cryptosystems utilize stationary dynamics of chaos for the permutation
and diffusion, and many of those are successfully attacked. In this paper, novel models of the …

The finest state-space resolution that can be achieved in a physical dynamical system is
limited by the presence of noise. In the weak-noise approximation, the stochastic …

The Global Financial Crisis of 2008 left was also a crisis for macroeconomic models. On the
one hand, orthodox economists persist in using the skeleton of classical models, while on …