Napoletano, Mauro; Gaffard, Jean-Luc; Roventini, Andrea - Sciences économiques, Sciences Po - 2014
We build an agent-based model to study how _scal multipliers can change over the business cycle. Our approach considers the economy as a complex evolving system. In that, _scal state-dependent multipliers are emergent disequilibrium phenomenon stemming from the interaction among an ecology of...