3 ms·
I took a class of econophysics in grad school and one of the models with studied was a very simple generational model to explain inflation. It was originally di
by carlob 5y ago
I took a class of econophysics in grad school and one of the models with studied was a very simple generational model to explain inflation. It was originally discarded because it had an unrealistic solution with very high inflation, however it turned out to be a very good model for how hyperinflation can arise with a relatively small change in parameters. This was made particularly poignant given that the professor was Argentinian.