A Complex System View on the Financial and Economic Crisis
A Complex System View on the Financial and Economic Crisis
A Complex System View on the Financial and Economic Crisis
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“SLAVING OF THE FED TO THE STOCK MARKET<br />
Comparis<strong>on</strong> of <strong>the</strong> Federal funds rate, <strong>the</strong> S&P 500 Index x(t), <strong>and</strong> <strong>the</strong> NASDAQ composite z(t),<br />
from 1999 to mid-2003. To allow a illustrative visual comparis<strong>on</strong>, <strong>the</strong> indices have been<br />
translated <strong>and</strong> scaled as follows: x → 5x − 34 <strong>and</strong> z → 10z − 67.<br />
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