Information Money Fields of Cyclic Oscillations in Nonlinear Dynamic Economic System

Dimitri O. Ledenyov, Viktor O. Ledenyov
<span title="">2015</span> <i title="Elsevier BV"> <a target="_blank" rel="noopener" href="https://fatcat.wiki/container/tol7woxlqjeg5bmzadeg6qrg3e" style="color: black;">Social Science Research Network</a> </i> &nbsp;
Article introduces the notion of information money fields of the cyclic oscillations of the economic variables in the nonlinear dynamic economic system for the first time, and presents an original research on the Ledenyov theory on the information money fields of the cyclic oscillations of the economic variables in the nonlinear dynamic economic system. The Ledenyov theory on the information money fields of the cyclic oscillations of economic variables in the nonlinear dynamic economic system
more &raquo; ... stulates that the economic continuous waves (the cyclic oscillations) have the information money fields in the nonlinear dynamic economic system, transmitting the economic/financial information in the nonlinear dynamic economic system. It is shown that the information money fields may interact with other cyclic oscillations and/or with the nonlinear dynamic economic system by means of the weak and strong interactions between the information money fields. We developed the MicroIMF software program to make the computer modeling of 1) the interactions between the information money fields of one cyclic oscillation and the information money fields of other cyclic oscillation(s) in the nonlinear dynamic economic system, 2) the interactions between the information money fields of cyclic oscillation and the nonlinear dynamic economic system itself, and 3) the density distributions of the information money fields by different cyclic oscillations (the economic continuous waves) in the nonlinear dynamic economic system. The MicroIMF software program can be used in the process of business cycles forecasting by the central banks with the purpose to make the strategic decisions on the monetary policies, financial stability policies, and by other financial institutions with the aim to perform the financial operations on the minimum capital allocation, countercyclical capital buffer creation, and capital investments. JEL: E32, E43, E44, E53, E58, E61, G18, G21, G28 PACS numbers: 89.65.Gh, 89.65.-s, 89.75.Fb Keywords: information money field of cyclic oscillation, generation of cyclic oscillations, amplitude of cyclic oscillation, frequency of cyclic oscillation, wavelength of cyclic oscillation, period of cyclic oscillation, phase of cyclic oscillation, mixing of cyclic oscillations, harmonics of cyclic oscillation, nonlinearities of cyclic oscillation, Juglar fixed investment cycle, Kitchin inventory cycle, Kondratieff long wave cycle, Kuznets infrastructural investment cycle, econophysics, econometrics, nonlinear dynamic economic system, macroeconomics. 2 Introduction The evolutionary progress in the economic science in view of the disruptive innovation influence results in the creation of the empirical theories, models, and schemes in the economics, aiming both: 1) to understand the nature of economic processes, and 2) to characterize the fundamental/applied properties of the economic processes, as discussed in the academic literature in The modern economics science is presently divided on the three main subjects, which are intensively researched: 1) Macroeconomics, which considers the macro-processes in the economics; 2) Microeconomics, which deals with the micro-processes in the economics; 3) Nanoeconomics, which is focused on the nano-processes in the economics. In the macroeconomics, the cyclic oscillations of economic variables with the different amplitudes, frequencies and phases have been discovered as explained in Ledenyov D O, Ledenyov V O (2013c): "Juglar (1862) discovered the 7 -11 years Juglar fixed investment cycle, which is still in the scope of research interest by many scientists in Schumpeter (1939), Grinin, Korotayev, Malkov (2010), Korotayev, Tsirel (2010), Ledenyov V O, Ledenyov D O (2012), Ledenyov D O, Ledenyov V O (2013. It makes sense to explain that Schumpeter (1939) showed that there are the four stages in the Juglar cycle: 1) expansion; 2) crisis; 3) recession; 4) recovery. Kitchin (1923) proposed that there is the 3 -7 years Kitchin inventory cycle. This proposition was investigated in
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