Advertisement

Emergent Macroeconomics

An Agent-Based Approach to Business Fluctuations

  • Domenico Delli Gatti
  • Edoardo Gaffeo
  • Mauro Gallegati
  • Gianfranco Giulioni
  • Antonio Palestrini

Part of the New Economic Windows book series (NEW)

Table of contents

About this book

Introduction

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.

Keywords

agent based computational economics business cycle economic growth financial fragility firms' size distribution power laws

Authors and affiliations

  • Domenico Delli Gatti
    • 1
  • Edoardo Gaffeo
    • 2
  • Mauro Gallegati
    • 3
  • Gianfranco Giulioni
    • 4
  • Antonio Palestrini
    • 5
  1. 1.Catholic University of MilanItaly
  2. 2.University of TrentoItaly
  3. 3.Polytechnic University of MarcheAnconaItaly
  4. 4.University “G. d’Annunzio”PescaraItaly
  5. 5.University of TeramoItaly

Bibliographic information

Industry Sectors
Electronics
Energy, Utilities & Environment