Titelaufnahme
Titelaufnahme
- TitelAgent-Based Macroeconomic Modeling and Policy Analysis: The Eurace@Unibi Model
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- Herausgeber
- Erschienen
- SpracheEnglisch
- DokumenttypAufsatz in einem Sammelwerk
- Schlagwörter
- ISBN978-0-19-984437-1
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Abstract
Agent-based simulation models are a relatively new addition to the tool-box of macroeconomists. The aim of this chapter is to review work that has been carried out in recent years. Particularly, we present the Eurace@Unibi model and set it into perspective with other agent-based macroeconomic models. Besides presenting a sketch of the Eurace@Unibi model, we show how agent-based models can be used to identify economic mechanisms, and how we
have applied them for spatial policy analysis. Our assessment is that agent-based modelers have passed the stage of a proof-of-concept. It has been shown that new kinds of insights can be obtained using such an approach complementing established modeling approaches.
We conclude by pointing towards potentially fruitful areas of agent-based macroeconomic research.
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