Production and Wealth. The paper is developed along the following lines. First, a brief
historical analysis investigates the roots of this class of models that can be traced as far back …

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 …

The stock‐flow consistent (SFC) modelling approach, grounded in the pioneering work of
Wynne Godley and James Tobin in the 1970s, has been adopted by a growing number of …

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

By synthesizing stock-flow consistent models, input–output models, and aspects of
ecological macroeconomics, a method is developed to simultaneously model monetary …

This book aims to answer two questions that are fundamental to the study of agent-based
economic models: what is agent-based computational economics and why do we need …

Agent-based simulation models are a relatively new addition to the tool-box of
macroeconomists. In this chapter we introduce the Eurace@ Unibi model and the research …

The aim of the paper is to provide an overview of the current stock-flow consistent (SFC)
literature. Indeed, we feel the SFC approach has recently led to a blossoming literature …

In this paper three views are considered which are traditionally associated with 'money
cranks' and 'brave heretics'. The first is that the credit nature of money has macroeconomic …

This article studies coordination between firms in a multi-sectoral macroeconomic model
with endogenous business cycles. Firms are both in competition and interdependent, and …