Agent-Based Computational Modeling And Macroeconomics

Agent-based Computational Economics (ACE) is the computational study of economic processes modeled as dynamic systems of interacting agents. This essay discusses the potential use of ACE modeling tools for the study of macroeconomic systems. Points are illustrated using an ACE model of a two-sector decentralized market economy. Related work can be accessed here: http://www.econ.iastate.edu/tesfatsi/amulmark.htm

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Year of publication:	2006-04-01
Authors:	Tesfatsion, Leigh
Institutions:	Department of Economics, Iowa State University
Subject:	agent-based computational economics

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Extent:	application/pdf
Series:	Staff General Research Papers.
Type of publication:	Book / Working Paper
Language:	English
Classification:	C6 - Mathematical Methods and Programming ; D - Microeconomics ; E - Macroeconomics and Monetary Economics
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10004979908