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 …

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 …

The aim of this work is to explore the possible types of phenomena that simple
macroeconomic Agent-Based models (ABMs) can reproduce. We propose a methodology …

In this paper we present a macroeconomic microfounded framework with heterogeneous
agents—individuals, firms, banks—which interact through a decentralized matching process …

This paper develops a baseline agent-based macroeconomic model and contrasts it with the
common dynamic stochastic general equilibrium approach. Although simple, the model can …

The current macroeconomic models of the circular economy rely on the unrealistic
assumption that materials can be recycled infinitely, often ignoring price and demand …

Financial markets are exposed to systemic risk (SR), the risk that a major fraction of the
system ceases to function, and collapses. It has recently become possible to quantify SR in …

We discuss the impact of a Covid-19–like shock on a simple model economy, described by
the previously developed Mark-0 Agent-Based Model. We consider a mixed supply and …

This book arose from our conviction that the NNS-DSGE approach to the analysis of
aggregate market outcomes is fundamentally flawed. The practice of overcoming the SMD …

This document provides a description of the modeling assumptions and economic features
of the Eurace@ Unibi model. Furthermore, the document shows typical patterns of the output …