Network analysis and calibration of the “leveraged network-based financial accelerator”

In this paper we analyze the network structure that endogenously emerges in the credit market of the agent-based model of Riccetti et al. (2011), where two kinds of financial accelerators are at work: the “leverage accelerator” and the “network-based accelerator”. We focus on the properties of network topology and its interplay with the overall economic performance. Moreover, we empirically calibrate the banking network in the model by using Japanese real data.

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Year of publication:	2014
Authors:	Bargigli, Leonardo ; Gallegati, Mauro ; Riccetti, Luca ; Russo, Alberto
Published in:	Journal of Economic Behavior & Organization. - Elsevier, ISSN 0167-2681. - Vol. 99.2014, C, p. 109-125
Publisher:	Elsevier
Subject:	Network \| Bankruptcy cascades \| Calibration \| Leverage

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Type of publication:	Article
Classification:	C63 - Computational Techniques ; D85 - Network Formation ; E32 - Business Fluctuations; Cycles
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011048107