Low‐carbon transition risks for finance
The transition to a low‐carbon economy will entail a large‐scale structural change. Some
industries will have to expand their relative economic weight, while other industries …
industries will have to expand their relative economic weight, while other industries …
Agent-based macroeconomics
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 …
modeling approach. After a short review of the origins and general characteristics of this …
Three green financial policies to address climate risks
Which policies can increase the resilience of the financial system to climate risks? Recent
evidence on the significant impacts of climate change and natural disasters on firms, banks …
evidence on the significant impacts of climate change and natural disasters on firms, banks …
Macroeconomic policy in DSGE and agent-based models redux: New developments and challenges ahead
Abstract The Great Recession seems to be a natural experiment for economic analysis, in
that it has shown the inadequacy of the predominant theoretical framework-the New …
that it has shown the inadequacy of the predominant theoretical framework-the New …
Validation of agent-based models in economics and finance
Since the survey by Windrum et al.(Journal of Artificial Societies and Social Simulation 10: 8,
2007), research on empirical validation of agent-based models in economics has made …
2007), research on empirical validation of agent-based models in economics has made …
More is different... and complex! the case for agent-based macroeconomics
This work nests the Agent-Based macroeconomic perspective into the earlier history of
macroeconomics. We discuss how the discipline in the 70's took a perverse path relying on …
macroeconomics. We discuss how the discipline in the 70's took a perverse path relying on …
Faraway, so close: Coupled climate and economic dynamics in an agent-based integrated assessment model
In this work we develop an agent-based model that offers an alternative to standard,
computable general equilibrium integrated assessment models (IAMs). The Dystopian …
computable general equilibrium integrated assessment models (IAMs). The Dystopian …
Uncertainty in boundedly rational household adaptation to environmental shocks
Despite the growing calls to integrate realistic human behavior in sustainability science
models, the representative rational agent prevails. This is especially problematic for climate …
models, the representative rational agent prevails. This is especially problematic for climate …
[HTML][HTML] Schumpeterian theory and research on forestry innovation and entrepreneurship: The state of the art, issues and an agenda
Innovation and entrepreneurship research related to the forestry sector has progressed
significantly in recent years, integrating an increasing number of topics and develo** …
significantly in recent years, integrating an increasing number of topics and develo** …
Causes and consequences of hysteresis: aggregate demand, productivity, and employment
In this work we develop an agent-based model where hysteresis in major macroeconomic
variables (eg, gross domestic product, productivity, unemployment) emerges out of the …
variables (eg, gross domestic product, productivity, unemployment) emerges out of the …