Chapter 948: The Economics Profession Shakes!
The forum on macroeconomics has not yet ended, and even Professor Krugman's lecture has not yet ended, and the entire economic community has already made a sensation because of the paper that was temporarily added to the academic conference website because it was recommended by two Nobel Prize winners!
On Facebook, the economics community has pushed related topics to a new level in the discussion of PHDs who are engaged in research in this field.
[Who is there at the scene of that academic conference in Shanghai?! Ask for the live video of Professor Krugman's presentation! Wait online, please! 】
[L-Z model?! Fack! It took me two months to build a new model for the consumption savings theory using the Lu-Bewley model, and now you're telling me that this thing has passed its expiration date?! 】
[I was at the scene of the report meeting, and I can tell you very responsibly that the people in the entire lecture hall have gone crazy! This thing is the most changing. It's not that the L-Z model is almost applicable to the most popular research directions in macroeconomic research, but that this thing was studied by a Chinese man named Lu Zhou in an afternoon......]
[Hey! Some people, with a cup of afternoon tea, can make results that you can't understand in a week, and reach heights that you can't reach in a lifetime...... The world is too realistic. 】
Yes, a great result is nothing, every once in a while in the field of economics there will be a great result of the birth of a great result, but if this awesome result only took the person who completed it an afternoon, it is a little scary......
Almost everyone who heard the news first reacted with disbelief, and then was shocked to the point of doubting their lives.
It took an afternoon to make this thing......
Is this still human?
Of course, in addition to doubting life, there are still many people in the macroeconomics community and forums who discuss this model from an academic perspective.
However, the more you dig deeper, the stronger this urge to doubt life becomes.
As Professor Joseph commented on the LZ model at the conference, although this model is based on the Lu-Bewley model, it is in fact completely different from the framework of the original Bewley model.
Not only that, but compared with the original Lu-Bewley model, which focused on some specific problems, the LZ model is more operable, and can be perfectly compatible with a series of complex macroeconomic topics, from the consumption income savings model of households to the relationship model between fixed assets and social welfare.
At least theoretically, it is entirely possible!
And even the Bewley model, which has been used for decades, is quite difficult to achieve.
Of course, the shortcomings of the Bewley model are also obvious, because the maneuverability of the tool has been enhanced, and the barrier to entry for users has also been relatively high. In order to be proficient in using this model, you need not only a thorough understanding of functional analysis and partial differential equations, but also a deep knowledge of economics.
However, compared to its superiority, these disadvantages are obviously not worth mentioning.
A well-known professor at Stanford University who is engaged in macroeconomics research published a tweet after reading the paper.
[I wouldn't be surprised if the Nobel Committee would consider awarding an award for an achievement.] Even if it's not this year, it's definitely going to be in the future. Because I can almost foresee where the hottest direction of macroeconomics will be in the next decade, I can even say in a positive tone that the greatest macroeconomic research results in the next decade will be inseparable from the contribution of the L-Z model......]
After this tweet was published, it immediately attracted countless likes and retweets from industry insiders.
Whether it is the discussion of practitioners in related fields or the public statements of the bulls, it is not enough to fully summarize the earth-shattering impact that this LZ model has brought to the entire industry in less than a day.
Immediately after Professor Krugman's presentation, the video was uploaded to YouTube by someone who suppressed it.
And the related links, like a self-propagating virus, have spread in the economics community on multiple platforms such as Twitter and Facebook because of people's crazy retweets......
At this moment, Lu Zhou didn't know that his paper had caused such a huge repercussion in a field he didn't fully understand. I didn't even know that those people actually gave his improved Lu-Bewley model a new name "L-Z model".
If he knew, he would have stopped them.
The reason is very simple, because of the name LZ, he has already used it in other fields!
Why are these guys so lazy?
Can't you get creative and help him come up with a nice name?
For example, a name like "Cosmic Epoch Theory" that will explode as soon as it sounds forceful, he must be embarrassed to let Lu Zhou choose this kind of name himself, but it would be perfect if someone else could help him fulfill this wish.
Downstairs at the Sheraton Hotel, a Maybach was already parked.
Lu Zhou, yawning, walked down the stairs at the door.
Because it was a very formal business occasion, the clothes he wore were much more formal than yesterday, and he finally took out the most expensive suit in his suitcase.
Luxury cars, beautiful women...... and handsome guys, even if you want to be low-key, such a combination will unconsciously attract the attention of the surroundings.
Bathed in the envious gaze of the surrounding tourists, Lu Zhou, who had not woken up a little, suddenly swept away a lot of sleepiness, and the corners of his mouth couldn't help but gently pull a happy smile.
The kind of man who can eat with his face, but who conquers the world with his talent, I'm afraid it's himself.
It seemed that Lu Zhou was walking too slowly, and Maybach, who was parked at the bottom of the stairs, shook his double flash, and then a white and flawless hand pushed open the car door from the inside, patted the co-pilot's seat and said, "Don't rub it in, come up quickly." ”
"What's the hurry, it's not going to a meeting," walked to the side of the car door, Lu Zhou glanced inside, and asked with some surprise, "What about Ms. Yang?" ”
"Oh, what do you mean by my aunt? She had already gone over first, saying that she couldn't play with us young people," flicking the hair of her sideburns, Chen Yushan raised her eyebrows confidently, "Hurry up and get in the car, I'll drive you over." ”
Lu Zhou was about to get into the car, and suddenly realized a very serious problem, so he hurriedly stopped his feet.
"Wait a minute, can you drive? Why don't I get my driver ......."
As soon as she heard this, Chen Yushan immediately raised her eyebrows.
"Are you doubting my skills?"
"No ......"
Feeling that his gaffe seemed to have stabbed the hornet's nest inadvertently, Lu Zhou sweated wildly and glanced at Wang Peng next to him.
Noticing Lu Zhou's gaze for help, Wang Peng hesitated for a moment, his gaze switched back and forth between the two of them, and in the end, he didn't know what kind of consideration he had for himself, so he didn't stop her for himself.
"Let's open it Miss Chen, it's quite crowded here...... Just in case I'll drive behind me. ”
Lu Zhou: "??? ”
The four-seater Maybach, where is it crowded?
It's not full at all, is it?
In this way, due to the betrayal of Comrade Xiao Wang, Lu Zhou finally sat in the passenger seat extremely reluctantly.
Looking at the senior sister with a smug face, out of consideration for the safety of his life and property, he coughed cautiously and said.
"I believe in your skills, anyway...... You drive slowly, let's not rush. ”
"Long-winded, just fasten your seatbelts!" Skillfully started the car, Chen Yushan coolly stepped on the accelerator, "Sit tight!" ”