19th SICC International Tutorial Workshop on Nonlinear Dynamics in Behavioral Macroeconomic Models

Abstract

Non-linear phenomena characterize the temporal dynamics of macroeconomic variables and financial markets. Nonlinear dynamics emerge as the result of macroprudential policies, the aggregation of individual interactions, or as a combination of the two. Discrete-time dynamical systems constitute the natural mathematical framework to provide a stylized representation of these phenomena and provide a theoretical basis on which to test policy implications. The school aims to provide an overview of the techniques and methods for the analysis of discrete-time models. At the same time, the school aims to provide an overview of the main applications of such mathematical models in macroeconomics and finance. The purpose of the workshop is to highlight current trends of research and future perspectives in this field. The workshop is co-sponsored by the Università Cattolica del Sacro Cuore di Milano, the Università degli studi di Urbino Carlo Bo, and the Politecnico di Milano.