Emergent Macroeconomics : An Agent-Based Approach to Business Fluctuations  - Gatti, Domenico Delli

Emergent Macroeconomics : An Agent-Based Approach to Business Fluctuations

Domenico Delli Gatti

Yayınevi: Springer

Yayın tarihi: 04/2008

ISBN: 9788847007246

Yazar : Edoardo Gaffeo

Ciltli | İngilizce | 114 Sayfa | 160 mm x 236 mm

Tür: Ekonomi

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This book contributes substantively to the current state-of-the-art of macroeconomics by providing a method for building models in which business cycles and economic growth emerge from the interactions of a large number of heterogeneous agents. Drawing from recent advances in agent-based computational modeling, the authors show how insights from dispersed fields like the microeconomics of capital market imperfections, industrial dynamics and the theory of stochastic processes can be fruitfully combined to improve our understanding of macroeconomic dynamics.

This book should be a valuable resource for all researchers interested in analyzing macroeconomic issues without recurring to a fictitious representative agent.

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