G Dosi, A Roventini - Journal of Evolutionary Economics, 2019 - Springer
This work nests the Agent-Based macroeconomic perspective into the earlier history of macroeconomics. We discuss how the discipline in the 70's took a perverse path relying on …
D Bazzana - Journal of Evolutionary Economics, 2024 - Springer
This paper develops a hybrid model with an agent-based financial accelerator framework embedded in a standard new Keynesian economy. It explores the interactions between the …
S Reissl - Economic Inquiry, 2022 - Wiley Online Library
This paper evaluates the government expenditure multiplier and the influence of agents' expectations and consumption choices thereupon in a pre‐existing estimated …
The articles of this special issue fall in the domain of Agent-Based Computational Economics (ACE). ACE deals with a large number of different topics, ranging from …
The economy, characterized by non-linearity, adaptability, and non-equilibrium dynamics, exhibits emergent phenomena, such as crises and inequalities, shaped by agents' reactions …
M Dal Pont Legrand - Financial Markets in Perspective: Lessons from …, 2022 - Springer
The paper aims to investigate how the macro agent-based literature, which has developed intensively since 2000, analyzes the issue of financial instability. Within this new paradigm …
The Global Financial Crisis of 2008 left was also a crisis for macroeconomic models. On the one hand, orthodox economists persist in using the skeleton of classical models, while on …