TY  - CHAP
AB  - 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.
KW  - agent-based modelling
KW  - Eurace@Unibi model
KW  - etace_agent_based_modelling
LA  - eng
PY  - 2018
SN  - 978-0-19-984437-1
TI  - Agent-Based Macroeconomic Modeling and Policy Analysis: The Eurace@Unibi Model
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-26224984
Y2  - 2024-12-22T01:38:29
ER  -