Agent-Based Computational Modelling AndMacroeconomics

Agent-based Computational Economics (ACE) is the computational study of economic processesmodeled as dynamic systems of interacting agents. This essay discusses the potentialuse of ACE modeling tools for the study of macroeconomic systems. Points are illustratedusing an ACE model of a two-sector decentralized market economy.[...]

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Year of publication:	2005-07-24
Authors:	Tesfatsion, Leigh
Institutions:	Iowa State University of Science and Technology <Ames, Iowa> / Department of Economics
Subject:	Marktwirtschaft \| Wirtschaft \| Adaptives System \| Makroökonomie \| Mikroökonomie \| Microeconomic

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Table of Contents
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1. Introduction
2. The Basic ACE Methodology
3. From Walrasian Equilibrium to ACE Trading
4. ACE Microfoundations for Macroeconomics
5. Concluding Remarks

Persistent link: https://www.econbiz.de/10009360883