Masanao Aoki

Masanao Aoki

Masanao Aoki


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.

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Selected Books and Publications

Research Interests