| Titre | A Short Walk on the Wild Side: Agent-Based Models and their Implications for Macroeconomic Analysis | |
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| Auteur | Mauro Napoletano | |
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Revue | Revue de l'OFCE (Observations et diagnostics économiques) |
| Numéro | no 157, septembre 2018 Whither the Economy? | |
| Page | 257-281 | |
| Résumé anglais |
This article discusses recent advances in agent-based modelling applied to macroeconomic analysis. I first introduce the building blocks of agent-based models. Furthermore, by relying on examples taken from recent works, I argue that that agent-based models may provide complementary or new lights with respect to more standard models on key macroeconomic issues like endogenous business cycles, the interactions between business cycles and long-run growth, and the role of price vs. quantity adjustments in the return to full employment. Finally, I discuss some limits of agent-based models and how they are currently addressed in the literature. Source : Éditeur (via Cairn.info) |
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| Article en ligne | http://www.cairn.info/article.php?ID_ARTICLE=REOF_157_0257 |
