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 …

Predicting financial distress and corporate failure: A review from the state-of-the-art definitions, modeling, sampling, and featuring approaches

J Sun, H Li, QH Huang, KY He - Knowledge-Based Systems, 2014 - Elsevier
As a hot topic, financial distress prediction (FDP), or called as corporate failure prediction,
bankruptcy prediction, acts as an important role in decision-making of various areas …

Agent based-stock flow consistent macroeconomics: Towards a benchmark model

A Caiani, A Godin, E Caverzasi, M Gallegati… - Journal of Economic …, 2016 - Elsevier
The paper moves from a discussion of the challenges posed by the crisis to standard
macroeconomics and the solutions adopted within the DSGE community. Although several …

Macroeconomic policy in DSGE and agent-based models redux: New developments and challenges ahead

G Fagiolo, A Roventini - Available at SSRN 2763735, 2016 - papers.ssrn.com
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 …

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 impact of climate change on banking systemic risk

X Wu, X Bai, H Qi, L Lu, M Yang… - Economic Analysis and …, 2023 - Elsevier
Given the influence of climate change, there is an urgent need to discuss how commercial
banks can strengthen their risk management strategies to cope with climate change. Using …

Macroeconomic Policy in DSGE and Agent-Based Models 1

G Fagiolo, A Roventini - Revue de l'OFCE, 2012 - cairn.info
Abstract The Great Recession seems to be a natural experiment for macroeconomics
showing the inadequacy of the predominant theoretical framework—the New Neoclassical …

Rational heuristics? Expectations and behaviors in evolving economies with heterogeneous interacting agents

G Dosi, M Napoletano, A Roventini, JE Stiglitz… - Economic …, 2020 - Wiley Online Library
We analyze the individual and macroeconomic impacts of heterogeneous expectations and
action rules within an agent‐based model populated by heterogeneous, interacting firms …

An agent based decentralized matching macroeconomic model

L Riccetti, A Russo, M Gallegati - Journal of Economic Interaction and …, 2015 - Springer
In this paper we present a macroeconomic microfounded framework with heterogeneous
agents—individuals, firms, banks—which interact through a decentralized matching process …