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 …

Macroprudential policy–a literature review

G Galati, R Moessner - Journal of Economic Surveys, 2013 - Wiley Online Library
The recent financial crisis has highlighted the need to go beyond a purely micro approach to
financial regulation and supervision. As a consequence, the number of policy speeches …

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 …

An interdisciplinary model for macroeconomics

AG Haldane, AE Turrell - Oxford Review of Economic Policy, 2018 - academic.oup.com
Macroeconomic modelling has been under intense scrutiny since the Great Financial Crisis,
when serious shortcomings were exposed in the methodology used to understand the …

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 …

Tipping points in macroeconomic agent-based models

S Gualdi, M Tarzia, F Zamponi, JP Bouchaud - Journal of Economic …, 2015 - Elsevier
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 …

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 …

Taming macroeconomic instability: Monetary and macro-prudential policy interactions in an agent-based model

L Popoyan, M Napoletano, A Roventini - Journal of Economic Behavior & …, 2017 - Elsevier
We develop an agent-based model to study the macroeconomic impact of alternative macro-
prudential regulations and their possible interactions with different monetary policy rules …