000K  utf8
1100  $c2018
1500  ger
2050  urn:nbn:de:hbz:464-20190802-111328-1
2051  10.17185/duepublico/70329
3000  Horn, Gustav
4000  Ökonomie und Unsicherheit nach der Finanzmarktkrise$dEin Essay  [Horn, Gustav]
4209  Das Papier zeigt, wie die Unsicherheit seit der großen Rezession viel Einfluss auf die wirtschaftliche Entwicklung gewonnen hat. Auf der einen Seite gab es eine intellektuelle Rückbesinnung auf die Theorien von John Maynard Keynes und Hyman Minsky. Andererseits sind neue Forschungsstränge entstanden um mit der Ungewissheit umzugehen, wie die Agent Based Models (ABM).
4209  The paper shows how uncertainty gained much influence in economic sciences since the Great Recession. On the one hand, there was an intellectual come-back of the theories of John Maynard Keynes and Hyman Minsky. On the other hand, new strands of research have emerged to deal with uncertainty. Among the most prominent are Agent Based Models (ABM). In this line of research, heterogeneous behavior of market agents creates complexity and with that uncertainty. People form their expectations about future economic events according to differing methods. They range from very complex forecasting processes to simple rules of thumb. The interaction between both mechanisms, present at the same time, creates complex models that tend to show instabilities. In other words, with these models the occurrence of crises can be explained. Another new line of research reflects forecasting methods. Many new ways to make forecasts have been explored. Variable selection follows the objective to improve forecasts rather than fulfilling restrictions from theory.
4950  https://doi.org/10.17185/duepublico/70329$xR$3Volltext$534
4950  https://nbn-resolving.org/urn:nbn:de:hbz:464-20190802-111328-1$xR$3Volltext$534
4961  https://duepublico2.uni-due.de/receive/duepublico_mods_00070329
5051  320
5051  330