Abstract
Just a little more than one decade back, we have witnessed the biggest economic and financial crisis that is known as the great recession. This was a once in a lifetime event that led to an abrupt awakening to the academic, corporate, and the policy world alike.
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Notes
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The Euler equation when tested separately in data, does not really hold true. See, for example, the paper by Carroll (2001).
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Chakrabarti, A.S., Pichl, L., Kaizoji, T. (2019). Complexity and Emergence: A New Paradigm for Economic Modeling. In: Chakrabarti, A., Pichl, L., Kaizoji, T. (eds) Network Theory and Agent-Based Modeling in Economics and Finance. Springer, Singapore. https://doi.org/10.1007/978-981-13-8319-9_1
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