Threshold levels in economics and time series (Q1033926): Difference between revisions

In this article, the author draws an analogy between economic and thermodynamic systems. On this basis, he presents theorems specifying the critical values for series associated with debts arranged in the order of their duration. The results are applicable to both mortgage crisis and inflation in an economy. The study of the debt crisis leads also to a new interpretation of the phase transition to the Bose-condensate state, of the \(\lambda\)-point, and of the Thiess-Landau model.