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Introduction to agent-based economics /
Introduction to Agent-Based Economics describes the principal elements of agent-based computational economics (ACE). It illustrates ACE's theoretical foundations, which are rooted in the application of the concept of complexity to the social sciences, and it depicts its growth and development f...
| Clasificación: | Libro Electrónico |
|---|---|
| Otros Autores: | , , |
| Formato: | Electrónico eBook |
| Idioma: | Inglés |
| Publicado: |
London :
Academic Press,
2017.
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| Temas: | |
| Acceso en línea: | Texto completo |
Tabla de Contenidos:
- Front Cover; Introduction to Agent-Based Economics; Copyright; Contents; Contributors; Foreword; Part I Introduction; 1 An Introduction to Agent-Based Computational Macroeconomics; References; Part II Macroeconomic Agent-Based Computational Economics; 2 Decentralized Interacting Macroeconomics and the Agent-Based Modellaccio
- 2.1 Agent-Based Macroeconomics: An Introduction; 2.1.1 Roots and Characteristics of an Innovative Approach; 2.1.2 Agent-Based Macromodels: An Overview of the Literature; 2.2 The Modellaccio
- 2.2.1 An Agent-Based Stock-Flow Consistent Paradigm?
- 2.2.2 The JMAB Tool-Suite2.2.3 Object-Oriented Programming and Dependency Injection; 2.2.4 Event-Based Approach; 2.2.5 Stock Matrix Approach to Agents' Balance Sheets; 2.2.6 Fully Scalable View of Model Dynamics; 2.2.7 The AB Modellaccio
- 2.2.8 Agents' Behaviors; 2.2.9 Calibration Procedure; 2.2.10 Analysis and Validation of Results; 2.2.11 Robustness Checks and Sensitivity Experiments; 2.2.12 An Application to Study Inequality and Economic Growth; 2.3 Conclusions and Challenges Ahead; References; 3 AD-AS Representation of Macroeconomic Emergent Properties; 3.1 Introduction.
- 3.2 The Standard AD-AS Model3.3 An Agent-Based Macro Model; 3.3.1 Timing and Interaction Mechanisms; 3.3.2 Credit Market; 3.3.3 Labor Market; 3.3.4 Goods Market; 3.3.5 Deposit Market; 3.3.6 Wealth Dynamics; 3.3.6.1 Firms; 3.3.6.2 Banks; 3.3.6.3 Households; 3.3.7 Government and Central Bank; 3.3.8 Simulation Results; 3.4 Aggregate Demand; 3.4.1 Microfounded AD; 3.4.2 AD Curve and Aggregation Effects; 3.5 Aggregate Supply; 3.6 AD-AS (Dis)equilibrium; References; 4 Heterogeneity in Macroeconomics: DSGE and Agent-Based Model Approach; 4.1 Introduction; 4.2 The Representative Agent Paradigm.
- 4.3 Macroeconomics and Heterogeneity4.3.1 The Optimizing Heterogeneous Agents Framework; 4.3.2 Dealing With Heterogeneity Within the Representative Agent Framework: The Case of Financial Markets; 4.4 The Agent-Based Model Proposal; 4.5 Conclusion; References; 5 Early Warning Indicator for Crises in an Agent-Based Macromodel; 5.1 Introduction; 5.2 The Model; 5.2.1 Agents; 5.2.1.1 Households; 5.2.1.2 Firms; 5.2.1.3 Banks; 5.2.1.4 Central Bank; 5.2.1.5 Government; 5.2.2 Interaction Structure; 5.2.2.1 Asset Ownership; 5.2.2.2 Good Market; 5.2.2.3 Labor Market; 5.2.2.4 Credit Market.
- 5.2.2.5 Bond Market5.3 Simulation Results; 5.3.1 Macroeconomic Dynamics; 5.3.2 Early Warning Indicator for Crisis; 5.3.3 Varying Credit Supply; 5.4 Conclusions; References; Part III Macroeconomic ABM: Perspectives and Implications; 6 Expectation Models in Agent-Based Computational Economics; 6.1 Introduction; 6.2 Rules Come From Expectations, and Rules Is What You Really Want; 6.3 The Switching of Rules; 6.4 The Switching of Strategies; 6.5 A Simple ABM Comparing Biased and Unbiased Adaptive Agents With the Perfectly Rational Solution; 6.6 Conclusions; References.