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Simulating Hyperinflation for 3650 days.  If private bond holdings are going down and the government is running a big deficit then the central bank has to monetize bonds equal to the deficit plus the decrease in private bond holdings.  We don't show the details of the central bank buying bonds here,
Simulating Hyperinflation for 3650 days.

If private bond holdings are going down and the government is running a big deficit then the central bank has to monetize bonds equal to the deficit plus the decrease in private bond holdings.  We don't show the details of the central bank buying bonds here, just the net results.

See blog at http://howfiatdies.blogspot.com for more on hyperinflation, including a hyperinflation FAQ.
  INTRODUCTION
  

  COVID-19  

 Coronavirus which was named COVID-19 is a
respiratory disease which affects the lungs of the infected person and thus
making such people vulnerable to other diseases such as pneumonia. It was first
discovered in Wuhan China in December 2019 and since then has spread

INTRODUCTION

COVID-19

Coronavirus which was named COVID-19 is a respiratory disease which affects the lungs of the infected person and thus making such people vulnerable to other diseases such as pneumonia. It was first discovered in Wuhan China in December 2019 and since then has spread across the world affecting more than 40 million people from which over one million have died.

In the early discovery of the COVID-19, there were measures that were put in place with the help World Health Organization (WHO). They recommended a social distance of 1.5 meters to 2 meters to curb the spread since the scientist warned that COVID-19 can be carried in the droplets when someone breathes or cough. Another measure which was advised by WHO was wearing of mask, especially when people are in group. Wearing of mask would ensure that someone’s droplets do not leave their mouth or nose when they breathe or cough. It also help one from breathing in the virus which believed to be contagious and airborne.

The World Health Organization also advised on washing of the hand and avoiding frequent touching of the face. People mostly use their hand to touch surfaces which mad their hand the greatest harbor of the disease. Therefore, washing hands with soap will kill and wash away the virus from the hands. Avoiding touching of face also will prevent people from contracting the disease since the virus is believed to enter the body through openings such as eye, nose and mouth.

Another measure as a precaution from contracting the disease was to avoid hand shaking, hugging, kissing and any other thing which would bring people together. These were measures put to ensure that COVID-19 do not move from one person to another because of its airborne nature and the fact that it can be carried from the mouth or nose droplets.

Healthcare workers, in most of the countries, were provided with Personal Protective Equipment (PPEs) which helped them to protect themselves from contracting the virus. Healthcare workers were at the forefront in combating the disease since they were the people receiving the sick, including the ones with the virus. This exposed them to COVID-19 more than anyone hence more care was needed for them. Their PPEs comprised of white overall covering the whole body from head to toes. It also includes face mask and googles worn to prevent anything getting in their eyes. Their hands also were covered with gloves which were removed occasionally to avoid concentration of the virus on one glove.

COVID-19 affected many economies across the world as it greatly affected the human economic activities across the world. Due to the nature and how it spread, COVID-19 lead many countries to lockdown the country as we know it. Travelling was stopped as many countries feared the surge of the virus due to many people travelling form the countries which are already greatly affected. Another reason which travelling was hampered was due to the fact that the virus could spread among the travelers in an airplane. There were no proper measures to ensure social distance in the airplane and many people feared travelling from fear of contracting the disease.

This greatly affected the economy of many countries including great economies like USA. Tourism industry was the one affected the most as many country mostly depend on foreign travelers as their tourist. Many countries do not have proper domestic tourism structure and therefore depend on visitors who travels from foreign countries. Such countries have their economies greatly affected since the earnings from tourism either gone down or was not there at all.

Apart from locking down the country from foreigners, many major cities across the world were under lockdown. This means that even the citizens of the country were neither allowed in or out of the city. This restricted movement of people affecting greatly the human economic activities as many businesses were closed down especially transport businesses. The movement of goods from one places to another was affected making business difficult to carry out. Many people who dealt in perishable agricultural products count losses as their farm produced were destroyed because of lack of wider market. Some countries banned some businesses such as importing second hand clothes since it was believed that they could harbor the virus. Most of the meeting places such as sporting events and pubs were closed down affecting greatly the people who were involved in such businesses.

Across the world, schools were closed. Schools contain students in large numbers which could affect many students across the world. Learning was temporary stopped as different countries were finding ways of curbing the virus.

Scientist are busy like bees across the world to find the vaccine for the diseases that have ravage many countries and above all, they are trying to find the cure. Many countries have carried out their trial of vaccines with the hope to find an effective vaccine for the virus.

Meanwhile it is necessary to find ways by which the virus can be controlled so that it doesn’t spread to a point where it come out of control. Some of the measures put by the WHO has been highlighted above, but these measures need to be studied to ensure that measures which are more effective are affected at great heights. I therefore, have created a model in Insight Maker to check how these measures prove their effectiveness over time.

    Dynamic simulation modelers are particularly interested in understanding and being able to distinguish between the behavior of stocks and flows that result from internal interactions and those that result from external forces acting on a system.  For some time modelers have been particularly int

Dynamic simulation modelers are particularly interested in understanding and being able to distinguish between the behavior of stocks and flows that result from internal interactions and those that result from external forces acting on a system.  For some time modelers have been particularly interested in internal interactions that result in stable oscillations in the absence of any external forces acting on a system.  The model in this last scenario was independently developed by Alfred Lotka (1924) and Vito Volterra (1926).  Lotka was interested in understanding internal dynamics that might explain oscillations in moth and butterfly populations and the parasitoids that attack them.  Volterra was interested in explaining an increase in coastal populations of predatory fish and a decrease in their prey that was observed during World War I when human fishing pressures on the predator species declined.  Both discovered that a relatively simple model is capable of producing the cyclical behaviors they observed.  Since that time, several researchers have been able to reproduce the modeling dynamics in simple experimental systems consisting of only predators and prey.  It is now generally recognized that the model world that Lotka and Volterra produced is too simple to explain the complexity of most and predator-prey dynamics in nature.  And yet, the model significantly advanced our understanding of the critical role of feedback in predator-prey interactions and in feeding relationships that result in community dynamics.The Lotka–Volterra model makes a number of assumptions about the environment and evolution of the predator and prey populations:

1. The prey population finds ample food at all times.
2. The food supply of the predator population depends entirely on the size of the prey population.
3. The rate of change of population is proportional to its size.
4. During the process, the environment does not change in favour of one species and genetic adaptation is inconsequential.
5. Predators have limitless appetite.
As differential equations are used, the solution is deterministic and continuous. This, in turn, implies that the generations of both the predator and prey are continually overlapping.[23]

Prey
When multiplied out, the prey equation becomes
dx/dtαx - βxy
 The prey are assumed to have an unlimited food supply, and to reproduce exponentially unless subject to predation; this exponential growth is represented in the equation above by the term αx. The rate of predation upon the prey is assumed to be proportional to the rate at which the predators and the prey meet; this is represented above by βxy. If either x or y is zero then there can be no predation.

With these two terms the equation above can be interpreted as: the change in the prey's numbers is given by its own growth minus the rate at which it is preyed upon.

Predators

The predator equation becomes

dy/dt =  - 

In this equation, {\displaystyle \displaystyle \delta xy} represents the growth of the predator population. (Note the similarity to the predation rate; however, a different constant is used as the rate at which the predator population grows is not necessarily equal to the rate at which it consumes the prey). {\displaystyle \displaystyle \gamma y} represents the loss rate of the predators due to either natural death or emigration; it leads to an exponential decay in the absence of prey.

Hence the equation expresses the change in the predator population as growth fueled by the food supply, minus natural death.


 Here we have a basic SEIR model and we will investigate what changes would be appropriate for modelling the 2019 Coronavirus.  The initial parametrization is based on the suggested current data. The initial population is set for Catalonia.

Here we have a basic SEIR model and we will investigate what changes would be appropriate for modelling the 2019 Coronavirus.

The initial parametrization is based on the suggested current data. The initial population is set for Catalonia.

509 7 months ago
World4 is a predictive model for world population. Population has grown hyper-exponentially in the last millenium, with the doubling time decreasing from 900 years  in 1000 CE to a minimum of ~35 years in 1963 CE. Technology is defined as that which decreases the death rate and/or increases the effe
World4 is a predictive model for world population. Population has grown hyper-exponentially in the last millenium, with the doubling time decreasing from 900 years  in 1000 CE to a minimum of ~35 years in 1963 CE. Technology is defined as that which decreases the death rate and/or increases the effective birth rate (i.e. by decreasing infant mortality). Technology grows exponentially, therefore population fits a hyper-exponential (exponent within an exponent). Models for the end of growth are explored using equations that express the ways humans are depleting Earth's biocapacity, the nature of resource depletion, and the relationship between natural resources and human carrying capacity. This simple model, containing just two closed systems, captures the subtle shifts in the population trajectory of the last 50 years. Specifically, hyperexponential growth has given way to subexponential growth. A peak is predicted for the time around 2028.  [Bystroff, C. (2021). Footprints to singularity: A global population model explains late 20th century slow-down and predicts peak within ten years. PloS one, 16(5), e0247214.]