The project will develop a new measures of dependence between economic variables, which will allow to study the frequency dependent dznamics of correlations in different quantiles of joint distribution.
The ability of financial markets to bear risk is central to economic welfare and stability. Growth and economic wellbeing is inhibited if financial markets are unable to transfer resources efficiently from the suppliers of liquiditz to entrepreneurs.
The main objective project is to establish a new research platform, called Dynamic Models in Economics; abbreviated DYME.
The platform should link Czech exellence with support for advanced research in the mathematical models of economics.