About

In the analysis of macro-social systems, it is easy (after the fact) to identify system shocks (World Wars, changes of political regime, Pandemics, etc.) but it is generally not possible to predict the shocks. In many cases, we do not have enough high equality data to measure the full impacts of historical shocks. What we can do, however, is estimate a dynamic systems model based on whatever data is available and then simulate the model to (1) see how well it tracks to data and (2) explore how the model responds  to shocks imposed on the simulation.

• Shock Doctrine  a 2007 book by Canadian author and social activist Naomi Klein. In the book, Klein argues that neoliberal economic policies promoted by Milton Friedman and the Chicago school of economics have risen to global prominence because of a deliberate strategy she calls "disaster capitalism".
• Impulse response, or impulse response function (IRF) In dynamic systems analysis when system output is presented with a brief input signal, called an impulse.
• Shock Decomposition of Economic Inflation An approach used to study Economic Systems.

Neoclassical Growth Theory