Advances in Theoretical and Empirical Economic Modeling

A special issue of Mathematics (ISSN 2227-7390). This special issue belongs to the section "Financial Mathematics".

Deadline for manuscript submissions: 28 February 2025 | Viewed by 436

Special Issue Editors


E-Mail Website
Guest Editor
The O’Malley School of Business, Manhattan College, Riverdale, NY 10471, USA
Interests: financial modeling; monetary policy; econometrics

E-Mail Website
Guest Editor
The O’Malley School of Business, Manhattan College, Riverdale, NY 10471, USA
Interests: intertemporal choice; bounded rationality; mathematical economics

Special Issue Information

Dear Colleagues,

In recent years, significant mathematical developments have been made in empirical and theoretical economic modeling in response to the growing complexity of the American and international economies. Economic models now commonly incorporate nonlinearity, asymmetry, globalization, and structural shifts. To tackle these challenges, advanced estimation techniques such as artificial intelligence (AI), time-varying parameters (TVP), Markov Chain Monte Carlo (MCMC), and factor analysis have gained considerable attention. In terms of theoretical economic modeling, there have been noteworthy advancements, including relaxation in household rationality on consumption, saving, and portfolio choice; analysis of behavioral and information frictions on general equilibrium; transmission of shocks in monetary and fiscal policy under uncertainty; implications of asset valuation on monetary policy; economic perspectives on digital currency; and general equilibrium with labor-saving technology by artificial intelligence.

We welcome submissions of mathematical and quantitative research works that have the potential to significantly advance the field of economic modeling. Specifically, we encourage submissions in the following areas:

  1. Econometrics, macro-metrics, financial econometrics;
  2. Quantitative economics;
  3. Mathematical economics;
  4. Mathematical modeling in economics and finance;
  5. Optimization techniques;
  6. Stochastic optimization.

Prof. Dr. Hany Guirguis
Dr. Hyeon Park
Guest Editors

Manuscript Submission Information

Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.

Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Mathematics is an international peer-reviewed open access semimonthly journal published by MDPI.

Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 2600 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.

Keywords

  • econometrics
  • quantitative economics
  • mathematical economics
  • mathematical modeling in economics and finance
  • optimization techniques

Benefits of Publishing in a Special Issue

  • Ease of navigation: Grouping papers by topic helps scholars navigate broad scope journals more efficiently.
  • Greater discoverability: Special Issues support the reach and impact of scientific research. Articles in Special Issues are more discoverable and cited more frequently.
  • Expansion of research network: Special Issues facilitate connections among authors, fostering scientific collaborations.
  • External promotion: Articles in Special Issues are often promoted through the journal's social media, increasing their visibility.
  • e-Book format: Special Issues with more than 10 articles can be published as dedicated e-books, ensuring wide and rapid dissemination.

Further information on MDPI's Special Issue polices can be found here.

Published Papers (1 paper)

Order results
Result details
Select all
Export citation of selected articles as:

Research

18 pages, 287 KiB  
Article
Dynamic Optimization with Timing Risk
by Erin Cottle Hunt and Frank N. Caliendo
Mathematics 2024, 12(17), 2654; https://doi.org/10.3390/math12172654 - 27 Aug 2024
Viewed by 268
Abstract
Timing risk refers to a situation in which the timing of an economically important event is unknown (risky) from the perspective of an economic decision maker. While this special class of dynamic stochastic control problems has many applications in economics, the methods used [...] Read more.
Timing risk refers to a situation in which the timing of an economically important event is unknown (risky) from the perspective of an economic decision maker. While this special class of dynamic stochastic control problems has many applications in economics, the methods used to solve them are not easily accessible within a single, comprehensive survey. We provide a survey of dynamic optimization methods under comprehensive assumptions about the nature of timing risk. We also relax the assumption of full information and summarize optimization with limited information, ambiguity, imperfect hedging, and dynamic inconsistency. Our goal is to provide a concise user guide for specialists and nonspecialists alike. Full article
(This article belongs to the Special Issue Advances in Theoretical and Empirical Economic Modeling)
Back to TopTop