Macroeconomics from the Bottom-Up
Autor: | Cirillo, Pasquale Delli Gatti, Domenico Desiderio, Saul Gaffeo, Edoardo Gallegati, Mauro |
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EAN: | 9788847019706 |
Sachgruppe: | Wirtschaft |
Sprache: | Englisch |
Seitenzahl: | 124 |
Produktart: | Gebunden |
Veröffentlichungsdatum: | 18.04.2011 |
Schlagworte: | Business / Economics / Finance |
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The recent economic events driven by the big financial crisis of 2007-08 has cogently put to the fore the limits and drawbacks of the ruling research paradigm in macroeconomics. This volume goes to the root of the problem by offering a workable alternative to the renowned issue of the microeconomic foundations of macroeconomic theory. Bringing together techniques from agent-based computational economics and statistical validation, the authors set the stage for a paradigmatic shift, elaborate on it with practical examples and provide an agenda for future research.