This paper provides a critique of the DSGE models that have come to dominate
macroeconomics during the past quarter-century. It argues that at the heart of the failure …

On 16 November 2002, the first official case of Severe Acute Respiratory Syndrome (SARS)
was recorded in Guangdong Province, China. Panic ensued. Uncertainty about its causes …

The standard macroeconomic models have failed, by all the most important tests of scientific
theory. They did not predict that the financial crisis would happen; and when it did, they …

By Joseph E. Stiglitz* a failure in one part of the system can lead to system-wide failure; in
the absence of integration, the failure would have been geographically constrained. Well …

This paper presents an in‐depth review of the methodologies and innovations in the study of
correlation networks in economics and finance. We explore the development of filtering …

These are exciting times: the worst economic crisis since the Great Depression, the first
global recession in the new era of globalization, and a new President committed to …

Using forecast error and sensitivity analyses with a vector error correction model for the US
economy, we find that the specific exogenous shocks that contributed to the run-up to the …

Advocates of capital market liberalization argue that it leads to greater stability: countries
faced with a negative shock borrow from the rest of the world, allowing cross-country …

This article surveys models of counterparty contagion and their application in systemic risk
management, emphasizing the network of counterparty relationships. It addresses how …

This textbook comprehensively covers the basic principles and most recent advances
regarding visual displays, auditory and tactile displays and controls; psychophysics; …