Agent-based macroeconomics

H Dawid, DD Gatti - Handbook of computational economics, 2018 - Elsevier
This chapter surveys work dedicated to macroeconomic analysis using an agent-based
modeling approach. After a short review of the origins and general characteristics of this …

Agent‐based macroeconomics and dynamic stochastic general equilibrium models: where do we go from here?

Ö Dilaver, R Calvert Jump… - Journal of Economic …, 2018 - Wiley Online Library
Agent‐based computational economics (ACE) has been used for tackling major research
questions in macroeconomics for at least two decades. This growing field positions itself as …

Schumpeter meeting Keynes: A policy-friendly model of endogenous growth and business cycles

G Dosi, G Fagiolo, A Roventini - Journal of economic dynamics and control, 2010 - Elsevier
This paper studies an agent-based model that bridges Keynesian theories of demand-
generation and Schumpeterian theories of technology-fueled economic growth. We employ …

Income distribution, credit and fiscal policies in an agent-based Keynesian model

G Dosi, G Fagiolo, M Napoletano… - Journal of Economic …, 2013 - Elsevier
This work studies the relations between income distribution and monetary/fiscal policies
using an credit-augmented version of the agent-based Keynesian model in Dosi et …

Fiscal and monetary policies in complex evolving economies

G Dosi, G Fagiolo, M Napoletano, A Roventini… - Journal of Economic …, 2015 - Elsevier
What is the most appropriate combination of fiscal and monetary policies in economies
subject to banking crises and deep recessions? We study this issue using an agent-based …

The complexity of the intangible digital economy: an agent-based model

F Bertani, L Ponta, M Raberto, A Teglio… - Journal of business …, 2021 - Elsevier
During the last decades, we have witnessed a strong development of intangible digital
technologies. Software, artificial intelligence and algorithms are increasingly affecting both …

EURACE: A massively parallel agent-based model of the European economy

C Deissenberg, S Van Der Hoog, H Dawid - Applied mathematics and …, 2008 - Elsevier
EURACE is a major European attempt to construct an agent-based model of the European
economy with a very large population of autonomous, purposive agents interacting in a …

When more flexibility yields more fragility: The microfoundations of Keynesian aggregate unemployment

G Dosi, MC Pereira, A Roventini, ME Virgillito - Journal of Economic …, 2017 - Elsevier
Wages are an element of cost crucially affecting the competitiveness of individual firms. But
the wage bill is also a crucial element of aggregate demand. Hence it could be that more …

The effects of labour market reforms upon unemployment and income inequalities: an agent-based model

G Dosi, MC Pereira, A Roventini… - Socio-Economic …, 2018 - academic.oup.com
This work analyses the effects of labour market structural reforms by means of the labour-
augmented 'Schumpeter meeting Keynes'(K+ S) Agent-Based model. We introduce a policy …

Credit money and macroeconomic instability in the agent-based model and simulator Eurace

S Cincotti, M Raberto, A Teglio - Economics, 2010 - degruyter.com
This paper investigates the interplay between monetary aggregates and the dynamics and
variability of output and prices by considering both the money supplied by commercial banks …