The macroeconomics forum hadn't even ended yet, and Professor Krugman's report hadn't even ended yet. However, the entire economics community was already in an uproar because of the thesis that was recommended by two Nobel Prize laureates!
On Facebook, in the economics professional community, related topics had already been pushed to new heights by the discussions of PhDs who were engaged in research in this field.
[Who's at the Shanghai academic conference?! I'm looking for a live video of Professor Krugman's report! I'm waiting online, please!]
[The L-Z model?! F * ck! I spent two months using the Lu Bewley model to establish a new consumption and savings model, and now you're telling me that this thing has passed its expiration date?!]
[I'm at the report, and I can tell you that everyone in the lecture hall is going crazy! The most crazy thing about this isn't that the L-Z model is suitable for several of the most popular research directions in macroeconomics. It's that this thing was researched by a Chinese man named Lu Zhou in an afternoon …]
[Ah! Some people can use a cup of afternoon tea to create results that you wouldn't be able to understand even if you spent a week studying them. This world is too realistic.]
Yeah, a nutty research result wasn't a big deal. Every once in a while, there would be nutty research results in the economics community. However, if this nutty research result only took the person who completed it in an afternoon, then that was a bit scary …
Almost everyone who heard this news was in disbelief. Then, they were shocked to the point of questioning their own lives.
Using an afternoon to make this thing …
Is this guy even human?
Of course, there were also many people who discussed this model from an academic perspective on the macroeconomics community and forums.
However, the deeper they dug, the stronger the urge to doubt their own lives became.
Just like what Professor Joseph said about the LZ model at the conference, even though this model was based on the Lu Bewley model, it was actually completely different from the original Bewley model.
Not just that, but compared to the original Lu Bewley model, which was focused on specific problems, the LZ model was more operable. It could perfectly fit a series of complex macroeconomics topics, such as the consumption and income savings model and the association model of fixed assets and social welfare.
At least in theory, it was completely possible to do this!
Even with the Bewley model, which had been used for decades, it was still quite difficult for it to achieve.
Of course, the shortcomings of the Bewley model were also obvious. Because of the increased maneuverability of the tool, the requirements for the user had also increased. Not only did one need to have a deep understanding of functional analysis and partial differential equations, but one also needed to have a deep foundation in economics.
However, compared to its advantages, these shortcomings were obviously not worth mentioning.
A well-known professor of macroeconomics at Stanford University posted a tweet after reading the paper.
[I wouldn't be surprised if the Nobel Prize Committee would consider giving an award to this research. Even if it's not this year, it will definitely be in the future. Because I can almost foresee the hottest research direction in macroeconomics in the next ten years. I can even say with certainty that the greatest macroeconomics research results in the next ten years will be inseparable from the contribution of the L-Z model …]
After this tweet was posted, it immediately received likes and retweets from countless industry insiders.
Whether it was the discussions of practitioners in related fields or the public statements of big names, none of them could fully summarize the earth-shattering impact that the LZ model had on the entire industry in less than a day.
Immediately after Professor Krugman's report ended, someone quickly uploaded the video to YouTube.
The relevant link was like a self-propagating virus, spreading in the economics community on Twitter, Facebook, and other platforms because of people's crazy reposts …
Lu Zhou didn't know that his thesis had caused such a huge reaction in a field that he didn't even fully understand. He didn't even know that these people gave his improved Lu Bewley model a new name, the "L-Z model".
If he knew, he would definitely stop them.
The reason was simple. He had already used the name LZ in other fields!
Why are these guys so lazy?
Can't they be creative and think of a better name?
For example, a name like "Theory of the Universe". If Lu Zhou had to give himself a name like this, he would be embarrassed. However, if someone else could help him, it would be perfect.
A Maybach was parked downstairs at the Sheraton Hotel.
Lu Zhou yawned and walked down the stairs.
Because it was a very formal business occasion, he wore much more formal clothes than yesterday. Finally, he took out the most expensive suit in his suitcase.
A luxury car, a beautiful woman … and a handsome guy. Even if he wanted to keep a low profile, he would still attract the attention of the people around him.
Bathed in the envious gazes cast by the surrounding tourists, Lu Zhou, who was still a little sleepy, suddenly felt a lot better. He couldn't help but gently pull up the corners of his mouth.
The kind of man who could rely on his face to survive, but he relied on his talent to conquer the world.
The Maybach parked at the bottom of the stairs seemed to think that Lu Zhou was walking too slowly. A flawless hand pushed open the door from the inside and patted the passenger seat as she said, "Stop wasting time, hurry up and get in."
"What's the rush, it's not like we're going to a meeting." Lu Zhou walked next to the car door and looked inside. He was surprised as he asked, "Where's Mrs. Yang?"
"Oh, you mean my auntie? She already went there. She said she can't hang out with young people like us. "Chen Yushan flicked her hair and raised her eyebrows confidently." Get in the car, I'll drive you there. "
Lu Zhou was about to get in the car when he suddenly realized a very serious problem, so he quickly stopped.
"Wait a second, can you drive or not? How about I let the driver … "
When Chen Yushan heard this, her eyebrows suddenly raised.
"Are you doubting my driving skills?"
"No …"
Lu Zhou felt like he accidentally poked a hornet's nest. He sweated profusely and looked at Wang Peng next to him.
Wang Peng noticed Lu Zhou's pleading look and hesitated for a moment. His eyes switched back and forth between the two of them. He didn't know why, but he didn't stop her.
"Miss Chen should drive, it's quite crowded here … Just in case, I'll drive behind."
Lu Zhou: "???"
There are four Maybachs, how is it crowded?
It's not even full, okay?
Because of Xiao Wang's betrayal, Lu Zhou reluctantly sat in the passenger seat.
He looked at Chen Yushan, who had a smug look on her face. Out of consideration for his own safety, he coughed and spoke.
"I believe in your driving skills, anyway … Drive slowly, we're not in a hurry."
"Shut up, just put on your seatbelt!" Chen Yushan skillfully started the car and stepped on the gas pedal. "Sit tight!"
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