storm
Forumer storico
Askar AKAEV, Victor SADOVNICHY, Andrey KOROTAYEV
on the Possibilities to forecast the Current Crisis and its Second Wave
(In Memory of e. Gaidar)
It is shown that the 2008 world economic crisis could have been forecasted a year and a half in advance
through the approximation of the oil price dynamics by a power-law function with a finite singularity.
Through the approximation of the gold price dynamics by a power-law function with a finite singularity
and the calculation with the least-squares’ method of the parameter characterizing critical time a forecast
of the second wave of the crisis is proposed, which suggests that it may start in July — August, 2011.
In order to mitigate the consequences of the second recession it appears necessary to stop currency
wars through transition to the basket of internationally recognized currencies, to limit the dollar emission
under the international control and/or to introduce certain elements of the gold monetary standard.
Key words: world economic crisis, gold price, oil price, dollar emission.
E-mail: [email protected]
on the Possibilities to forecast the Current Crisis and its Second Wave
(In Memory of e. Gaidar)
It is shown that the 2008 world economic crisis could have been forecasted a year and a half in advance
through the approximation of the oil price dynamics by a power-law function with a finite singularity.
Through the approximation of the gold price dynamics by a power-law function with a finite singularity
and the calculation with the least-squares’ method of the parameter characterizing critical time a forecast
of the second wave of the crisis is proposed, which suggests that it may start in July — August, 2011.
In order to mitigate the consequences of the second recession it appears necessary to stop currency
wars through transition to the basket of internationally recognized currencies, to limit the dollar emission
under the international control and/or to introduce certain elements of the gold monetary standard.
Key words: world economic crisis, gold price, oil price, dollar emission.
E-mail: [email protected]