Nonlinearities in Economics

This interdisciplinary book argues that the economy has an underlying non-linear structure and that business cycles are endogenous, which allows a greater explanatory power with respect to the traditional assumption that dynamics are stochastic and shocks are exogenous. 

The first part of this work is formal-methodological and provides the mathematical background needed for the remainder, while the second part presents the view that signal processing involves construction and deconstruction of information and that the efficacy of this process can be measured. The third part focuses on economics and provides the related background and literature on economic dynamics and the fourth part is devoted to new perspectives in understanding nonlinearities in economic dynamics: growth and cycles.

By pursuing this approach, the book seeks to (1) determine whether, and if so where, common features exist, (2) discover some hidden features of economic dynamics, and (3)highlight specific indicators of structural changes in time series. Accordingly, it is a must read for everyone interested in a better understanding of economic dynamics, business cycles, econometrics and complex systems, as well as non-linear dynamics and chaos theory.

• Department of Economics & Finance, University of Bari Aldo Moro, Bari, Italy

  Giuseppe Orlando

• Technical University of Madrid Center for Biomedical Technology, Campus Montegancedo, Pozuelo de Alarcón, Madrid, Spain

  Alexander N. Pisarchik

• Institute of Neuroinformatics, Swiss Federal Institute of Technology, Zürich, Switzerland

  Ruedi Stoop

Giuseppe Orlando is a Professor at the Department of Economics and Finance, University of Bari (Italy). With a focus on economics, finance and econometrics, his current projects involve business cycle modelling, banking clearing problems and interest rate forecasting.

Alexander N. Pisarchik is a Distinguished Researcher at the Center for Biomedical Technology, Technical University of Madrid (Spain). In 2013 he was appointed the Isaac-Peral Chair of Computational Systems Biology at the Center for Biomedical Technology, Technical University of Madrid in the framework of the BBVA-UPM BioTech Program. His scientific interests include nonlinear dynamics, chaos, synchronization, multistability, intermittency, and stochastic dynamics with applications to lasers, electronics, the brain, neurons and cryptography.

Ruedi Stoop is a Professor at the Institute for Neuroinformatics, University ofZurich (UZH); Swiss Federal Institute of Technology (ETH) in Zurich; the University of Bern and the Technical University Nordwestschweiz (Switzerland). A mathematician and theoretical physicist, his research focuses on biological computing, statistical physics and cochlear modelling.

• Book Title: Nonlinearities in Economics

• Book Subtitle: An Interdisciplinary Approach to Economic Dynamics, Growth and Cycles

• Editors: Giuseppe Orlando, Alexander N. Pisarchik, Ruedi Stoop

• Series Title: Dynamic Modeling and Econometrics in Economics and Finance

• DOI: https://doi.org/10.1007/978-3-030-70982-2

• Publisher: Springer Cham

• eBook Packages: Economics and Finance, Economics and Finance (R0)

• Copyright Information: The Editor(s) (if applicable) and The Author(s), under exclusive license to Springer Nature Switzerland AG 2021

• Hardcover ISBN: 978-3-030-70981-5Published: 01 September 2021

• Softcover ISBN: 978-3-030-70984-6Published: 02 September 2022

• eBook ISBN: 978-3-030-70982-2Published: 31 August 2021

• Series ISSN: 1566-0419

• Series E-ISSN: 2363-8370

• Edition Number: 1

• Number of Pages: XIV, 361

• Number of Illustrations: 51 b/w illustrations

• Topics: Economic Theory/Quantitative Economics/Mathematical Methods, Complex Systems, Applications of Mathematics, Macroeconomics/Monetary Economics//Financial Economics