"Mecħanomics: Economics as Classical Mechanics", (2010), LAP LAMBERT Academic Publishing. (with I.O. Kitov)

Book description: In this book macroeconomics is represented as a hard science like physics and, specifically, classical mechanics. Due to this similarity we have called our concept "mecħanomics" highlighting its mechanistic entity. There exist statistically reliable deterministic links between measured macroeconomic variables. In the order of causality, the overall population and its age structure drives the evolution of real GDP which, in turn, determines the rate of participation in workforce. The level of labour force unambiguously defines the rate of price inflation and unemployment. The age structure also controls the S&P 500 returns. Statistically, the goodness-of-fit between measured and predicted macroeconomic time series is at the level of 0.9, with the residuals likely related to measurement errors. Tests for cointegration confirm the presence of long-term equilibrium relations. We have extended the sets of econometric tools by the method of boundary elements well-known in physics. As a bonus to the prolific concept of mecħanomics, we have modelled real GDP per capita during the transition from socialism to capitalism combining two physical processes: radioactive decay and saturation.

Journal Articles:
7. "Modeling unemployment and employment in advanced economies: Okun’s law with a structural break", (2012), Theoretical and Practical Research in Economic Fields, 0, 26-41. (with I.O. Kitov)
6. "A win-win monetary policy in Canada", (2012), Journal of Applied Economic Sciences, 6, 160-176. (with I.O. Kitov)
5. "Dynamics of unemployment and inflation in Western Europe: Solution by the 1-D Boundary Elements Method", (2010), Journal of Applied Economic Sciences, 5, 94-113. (with I.O. Kitov)
4. "Modelling real GDP per capita in the USA: Cointegration tests" , (2009), Journal of Applied Economic Sciences, 4. (with I.O. Kitov)
3. "Long-term linear trends in consumer price indices", (2008), Journal of Applied Economic Sciences, 3. (with I.O. Kitov)
2. "Comprehensive macro model for the US economy", (2008), Journal of Applied Economic Sciences, 3. (with I.O. Kitov)
1. "The driving force of labor force participation in developed countries", (2008), Journal of Applied Economic Sciences, 3, 203-222. (with I.O. Kitov)

Working Papers:
19. "Real GDP per capita since 1870"

18. "Employment, unemployment and real economic growth"
17. "The Australian Phillips curve and more,"
16. "Inflation and unemployment in Switzerland: from 1970 to 2050"

15. "S&P 500 returns revisited"
14. "Crude oil and motor fuel: Fair price revisited"

13. "Unemployment and inflation in Western Europe: solution by the boundary element method"
12. "Modelling and predicting labor force productivity"
11. "Apples and oranges: relative growth rate of consumer price indices"
10. "Sustainable trends in producer price indices"
9. "PPI of durable and nondurable goods: 1985-2016"
8. "Predicting share price of energy companies: June-September 2009"
7. "A fair price for motor fuel in the United States"
6."Modelling of selected S&P 500 share prices"

5. "The driving force of labor productivity"
4. "Comprehensive macro-model for the U.S. economy"

3. "Exact prediction of S&P 500 returns"
2. "Relationship between inflation, unemployment and labor force change rate in France: a cointegration test"
1. "Inflation as a function of labor force change rate: cointegration test for the USA"