Emergent Macroeconomics: An Agent-Based Approach to Business Fluctuations (Repost)
Domenico Gatti, Edoardo Gaffeo, Mauro Gallegati, "Emergent Macroeconomics: An Agent-Based Approach to Business Fluctuations"
English | 2008 | ISBN: 8847007240 | PDF | pages: 139 | 2.1 mb
English | 2008 | ISBN: 8847007240 | PDF | pages: 139 | 2.1 mb
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.