Masanao Aoki

Masanao Aoki

Education:

Research Areas:

New approach to macroeconomic modeling by means of jump Markov processes by specifying transition rates appropriately in the backward Chapman-Kolmogorov (master equation); solutions of master equations to obtain aggregate dynamic equations, and fluctuations by solving the associated Fokker-Planck equations. Modeling and analysis of multi-agent models to investigate such things as herding behavior and return dynamics, i.e., power-laws in share or stock markets; Modeling and analysis of multiple country models by state space time series technique; aggregation of economy with heterogeneous agents by neural network methods; adaptive learning algorithms.

Personal Website:

http://www.econ.ucla.edu/aoki/

Biography:

Selected Books and Publications


Research Interests

Courses