All Outputs (3)

Systemic risk and macroeconomic fat tails (2017)
Book Chapter
Bougheas, S., Harvey, D., & Kirman, A. (2018). Systemic risk and macroeconomic fat tails. In P. Commendatore, I. Kubin, S. Bougheas, A. Kirman, M. Kopel, & G. I. Bischi (Eds.), The economy as a complex spatial system (119-136). Cham: Springer. https://doi.org/10.1007/978-3-319-65627-4_6

We propose a mechanism for shock amplification that potentially can account for fat tails in the distribution of the growth rate of national output. We argue that extreme macroeconomic events, such as the Great Depression and the Great Recession, wer... Read More about Systemic risk and macroeconomic fat tails.

Product and labor market entry costs, underemployment and international trade (2017)
Book Chapter
Bougheas, S., & Riezman, R. (2017). Product and labor market entry costs, underemployment and international trade. In B. J. Christensen, & C. Kowalczyk (Eds.), Globalization: strategies and effects (19-45). Springer. https://doi.org/10.1007/978-3-662-49502-5_2

We develop a small, open economy, two-sector model with heterogeneous agents and endogenous participation in a labor matching market. There are two types of agents: workers and entrepreneurs. Both populations are heterogeneous. Workers are distinguis... Read More about Product and labor market entry costs, underemployment and international trade.

Complex financial networks and systemic risk: a review (2015)
Book Chapter
Bougheas, S., & Kirman, A. (2015). Complex financial networks and systemic risk: a review. In P. Commendatore, S. Kayam, & I. Kubin (Eds.), Complexity and Geographical Economics: Topics and Tools. Springer International Publishing. https://doi.org/10.1007/978-3-319-12805-4_6

In this paper we review recent advances in financial economics in relation to the measurement of systemic risk. We start by reviewing studies that apply traditional measures of risk to financial institutions. However, the main focus of the review is... Read More about Complex financial networks and systemic risk: a review.