Econophysics Through Quantum Mechanics: Inflation as a Perturbation of Consumer Price Paths
Publisher
IEEE
Journal
2024 International Conference on Electrical, Computer and Energy Technologies (ICECET)
Additional Links
https://doi.org/10.1109/ICECET61485.2024.10698077Abstract
Since inflation is mainly characterized by the abnormal behavior of binomial of economic variables constituted by consume price index and purchasing power, this paper has applied a quantum mechanics model to explain the erratic rising of consumer price index in time. In concrete, the time evolution operator has been projected onto a scenario of consumer price index. Thus, it has been hypothesized that inflation might be boosted by the apparition of non-visible interactions at the control and management of economy policy of a country. The case of free particle as commonly used in physics has been employed. Here, the Hamiltonian has been added an extra operator that would cause nonlinear trajectories of consumer price index in time. From the theoretical results and their interpretations, it is argued that unexpected factors far away from macro-economic as well as micro-economic dynamics would fit well with the trigger of inflation. The present theoretical approach explains the curve of inflation of energy price at Eurozone between 2020 and 2022 yielding a certain level of coherence.
Type
info:eu-repo/semantics/article
Rights
info:eu-repo/semantics/restrictedAccess
Language
eng
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