Research Seminar of International Laboratory for Macroeconomic Analysis: Alexander D. Smirnov - Does the Global Debt Dynamic Gravitate to an Invariant?

Dear Colleagues,

 International Laboratory for Macroeconomic Analysis of the Faculty of Economic Sciences invites you to take part in the Research seminar that will be held on the 22th of November 2018 (Thursday) at 16:40 PM.

 Speaker: Alexander D. Smirnov

Title: Does the Global Debt Dynamic Gravitate to an Invariant?

Working language -  English, Russian

Venue: Shabolovka 26, room 1302

 Abstract:Current debt markets are bloated and unsustainable, yet, a positive alternative could be found. In the submitted report “Does the global leverage dynamic gravitate to an invariant?” the debt dynamics, intertwined with capital, was modeled as a stochastic dynamical system with appropriate stationary distribution. In particular, variance and mode of the gamma distribution might govern the leverage gravitation towards its anchor value in the long run similar to a gradual compression of fungible liabilities in dozens of trillion dollars.

 If you need to order a pass to the building, please, contact Tatyana Bushina (tbushina@hse.ru)

 We look forward to seeing you.