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 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 standard macroeconomic models have failed, by all the most important tests of scientific
theory. They did not predict that the financial crisis would happen; and when it did, they …

We model a credit network characterized by credit relationships connecting (i) downstream
(D) and upstream (U) firms and (ii) firms and banks. The net worth of D firms is the driver of …

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 …

These are exciting times: the worst economic crisis since the Great Depression, the first
global recession in the new era of globalization, and a new President committed to …

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

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 …

World markets are highly interlinked and local economies extensively rely on global supply
and value chains. Consequently, local production disruptions, for instance caused by …