Emergent Macroeconomics
Autor: | Domenico Gatti, Edoardo Gaffeo, Mauro Gallegati, Gianfranco Giulioni, Antonio Palestrini |
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EAN: | 9788847007253 |
eBook Format: | |
Sprache: | Englisch |
Produktart: | eBook |
Veröffentlichungsdatum: | 05.12.2008 |
Untertitel: | An Agent-Based Approach to Business Fluctuations |
Kategorie: | |
Schlagworte: | agent based computational economics business cycle economic growth financial fragility firms' size distribution power laws |
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This valuable book contributes substantively to the current state-of-the-art of macroeconomics. It provides a method for building models in which business cycles and economic growth emerge from the interactions of a large number of heterogeneous agents. Drawing from recent advances in agent-based computational modeling, the authors show how insights from dispersed fields can be fruitfully combined to improve our understanding of macroeconomic dynamics.