Lu Bewley Model

In fact, Xiao Tong did write that thesis just to graduate. She asked her brother to help with the mathematical model optimization, but the thesis ended up disrupting the entire economics field…

The improved Bewley model… or the so-called Lu-Bewley model, was far superior to the previous Bewley model, both in terms of computational efficiency and the accuracy of calculation results. This greatly benefited the macroeconomists around the world.

And it wasn't just that.

What surprised people wasn't just the superiority of the Lu Bewley model, but it was also the fact that Professor Lu was doing research on economics!

And that he had already produced such an outstanding result!

The Bewley model had always been a state of the art model for the field of macroeconomics; it was one of the classical mathematical economics concepts.

But now, there was a more powerful model presented in front of them. How could they not be excited?