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 …

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 …

Economic convergence: Policy implications from a heterogeneous agent model

H Dawid, P Harting, M Neugart - Journal of Economic Dynamics and …, 2014 - Elsevier
In this paper we study the effectiveness of different types of cohesion policies with respect to
convergence of regions. A two-region agent-based macroeconomic model is used to …

Banks, market organization, and macroeconomic performance: an agent-based computational analysis

Q Ashraf, B Gershman, P Howitt - Journal of Economic Behavior & …, 2017 - Elsevier
This paper is an exploratory analysis of the role that banks play in supporting what Jevons
called the “mechanism of exchange.” It considers a model economy in which exchange …

Macroeconomics with heterogeneous agent models: fostering transparency, reproducibility and replication

H Dawid, P Harting, S Van der Hoog… - Journal of Evolutionary …, 2019 - Springer
This paper provides a detailed description of the Eurace@ Unibi model, which has been
developed as a versatile tool for macroeconomic analysis and policy experiments. The …

Agent-based models for financial crises

R Bookstaber - Annual Review of Financial Economics, 2017 - annualreviews.org
This article describes the agent-based approach to modeling financial crises. It focuses on
the interactions of agents and on how these interactions feed back to change the financial …

Budgetary rigour with stimulus in lean times: Policy advices from an agent-based model

A Teglio, A Mazzocchetti, L Ponta, M Raberto… - Journal of Economic …, 2019 - Elsevier
The 2008 financial crisis, and the subsequent global recession, triggered a wide-spread
economic and political debate on the proper policy combination to deal with the crisis and to …

Forecasting macroeconomic dynamics using a calibrated data-driven agent-based model

S Wiese, J Kaszowska-Mojsa, J Dyer, J Moran… - arXiv preprint arXiv …, 2024 - arxiv.org
In the last few years, economic agent-based models have made the transition from
qualitative models calibrated to match stylised facts to quantitative models for time series …

Modeling expectations in agent-based models—An application to central bank's communication and monetary policy

IL Salle - Economic Modelling, 2015 - Elsevier
Expectations play a major role in macroeconomic dynamics, especially regarding the
conduct of monetary policy. Yet, modeling the interplay between communication …

Financial regulation and endogenous macroeconomic crises

L Riccetti, A Russo, M Gallegati - Macroeconomic Dynamics, 2018 - cambridge.org
We explore the effects of banking regulation on financial stability and macroeconomic
dynamics in an agent-based computational model. In particular, we study the minimum level …