Money creation process in a random redistribution model

DOI10.1016/J.PHYSA.2013.09.036MaRDI QIDQ1782515zbMATH OpenOpenAlexFDO

Authors Siyan Chen, Yougui Wang, Keqiang Li, J. S. Wu

Publication date 20 September 2018

Published in Physica A (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1016/j.physa.2013.09.036

zbMATH Keywords

econophysicsdiffusion processmoney creationrandom exchange model

Mathematics Subject Classification ID

Macroeconomic theory (monetary models, models of taxation) (91B64) Classical dynamic and nonequilibrium statistical mechanics (general) (82C05)

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Cites work

• scientific article; zbMATH DE number 1528185 (Why is no real title available?)
• An out-of-equilibrium model of the distributions of wealth
• Are rich people smarter?
• Assets and liabilities are the momentum of particles and antiparticles displayed in Feynman-graphs
• Endogenous Money: What it is and Why it Matters
• Exponential and power-law probability distributions of wealth and income in the United Kingdom and the United States
• Growth and fluctuations of personal and company's income
• Growth and fluctuations of personal income
• Nontrivial bookkeeping: a mechanical perspective
• Stochastic Maps, Wealth Distribution in Random Asset Exchange Models and the Marginal Utility of Relative Wealth
• The circulation of money and holding time distribution
• Transfer potentials shape and equilibrate monetary systems

Cited in

(5)

• Rigorous results for the distribution of money on connected graphs (models with debts)
• An elementary model of money circulation
• The circulation of money and holding time distribution
• Statistical mechanics of a time-homogeneous system of money and antimoney
• Money creation and circulation in a credit economy

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