Reissl, Severin: Expectations Formation in Macroeconomic Agent-based Models. 2020
Inhalt
- Introduction & Summary
- Heterogeneous expectations, forecasting behaviour and policy experiments in a hybrid agent-based stock-flow-consistent modelThis chapter was originally published as Reissl, S. (2020), ``Heterogeneous expectations, forecasting behaviour and policy experiments in a hybrid agent-based stock-flow-consistent model", Journal of Evolutionary Economics, advance access.
- Introduction
- Motivation and literature review
- Model outline
- Calibration & baseline simulation
- Simulation Experiments
- Conclusion
- Appendix 2.A: Additional tables
- Appendix 2.B: Initialisation, parameter values and data sources
- Appendix 2.C: Sensitivity analysis
- Minsky from the bottom up - Formalising the two-price model of investment in a simple agent-based frameworkThis chapter was originally published as Reissl, S. (2020), ``Minsky from the bottom up - Formalising the two-price model of investment in a simple agent-based framework", Journal of Economic Behavior and Organization, 177, pp. 109-142.
- Introduction
- Model outline
- Calibration & baseline simulation
- Simulation experiments
- Conclusion
- Appendix 3.A: Initialisation and parameter values
- Appendix 3.B: Sensitivity analysis
- From CATS to CAOS: Fiscal multipliers and agents' expectations in a macroeconomic agent-based model
- Introduction
- Policy, expectations and learning in agent-based models
- Model overview
- Fiscal policy shocks in the baseline model
- Time for CAOS - agent-based intertemporal optimisation
- Learning about policy
- Discussion
- Conclusion
- Appendix 4.A: Parameter values
- Appendix 4.B: Testing the alternative consumption model
- Bibliography