Search Results - subject:"Heterogeneous agent model"

The Economic Adjustment Program for Portugal: assessing welfare impact in a heterogeneous-agent framework

Viegas, Miguel; Ribeiro, Ana - In: Portuguese Economic Journal 13 (2014) 1, pp. 53-70

The sovereign debt crisis, triggered by the 2007-08 global financial crisis, has affected several European Union (EU) countries, leading to unprecedented financial assistance programs. In May 2011, the Portuguese Government set an agreement with the Troika (a supranational institution composed...

Persistent link: https://www.econbiz.de/10010794999

The Economic Adjustment Program for Portugal : assessing welfare impact in a heterogeneous-agent framework

Viegas, Miguel; Ribeiro, Ana Paula - In: Portuguese economic journal 13 (2014) 1, pp. 53-70

Persistent link: https://www.econbiz.de/10010350493

Heterogeneous beliefs in over-the-counter markets

De Kamps, Marc; Ladley, Dan; Simaitis, Aistis - In: Journal of economic dynamics & control 41 (2014), pp. 50-68

Persistent link: https://www.econbiz.de/10010424320

Heterogeneous agents, the financial crisis and exchange rate predictability

Buncic, Daniel; Piras, Gion Donat - 2014

Persistent link: https://www.econbiz.de/10011289493

Heterogeneous Agents Model with the Worst Out Algorithm

Vosvrda, Miloslav Stephan; Vácha, Lukáš - In: Czech Economic Review 1 (2007) 1, pp. 54-66

Heterogeneous agents’ model with the stochastic beliefs formation is considered. Fundamentalists rely on their model employing fundamental information basis to forecast the next price period. Chartists determine whether current conditions call for the acquisition of fundamental information in...

Persistent link: https://www.econbiz.de/10005698646

Wavelet Applications to Heterogeneous Agents Model

Vošvrda, Miloslav; Vácha, Lukáš - Institut ekonomických studií, Univerzita Karlova v Praze - 2006

A heterogeneous agent model with the WOA was considered for obtaining more realistic market conditions. The WOA …

Persistent link: https://www.econbiz.de/10005067754

Welfare-improving government behavior and inequality in a heterogeneous agents model

Viegas, Miguel; Ribeiro, Ana Paula - In: Journal of Macroeconomics 37 (2013) C, pp. 146-160

Government’s behavior is expected to be non-neutral in terms of impacts on both welfare and inequality. It is acknowledged in most literature that fiscal policy often involves trade-offs between economic growth and inequality.

Persistent link: https://www.econbiz.de/10010875183

Behavioural breaks in the heterogeneous agent model: The impact of herding, overconfidence, and market sentiment

Kukacka, Jiri; Barunik, Jozef - In: Physica A: Statistical Mechanics and its Applications 392 (2013) 23, pp. 5920-5938

The main aim of this work is to incorporate selected findings from behavioural finance into a Heterogeneous Agent Model … analysis using the Heterogeneous Agent Model extended with the selected findings from behavioural finance: herding …, overconfidence, and market sentiment. We show that these behavioural breaks can be well modelled via the Heterogeneous Agent Model …

Persistent link: https://www.econbiz.de/10010703190

Carry trade and foreign exchange rate puzzles

Spronk, Richard; Verschoor, Willem F.C.; Zwinkels, … - In: European Economic Review 60 (2013) C, pp. 17-31

carry traders in a heterogeneous agent model in addition to fundamentalists and chartists. Our model has the ability to …

Persistent link: https://www.econbiz.de/10010664368

The Dutch experience: Assessing the welfare impacts of two consolidation strategies using a heterogeneous-agent framework

Viegas, Miguel; Ribeiro, Ana Paula - In: Economic Modelling 32 (2013) C, pp. 351-360

Between 1990 and 2010, the Dutch government pursued two successful fiscal adjustments: first, in 1995–2002, through a pure expenditure-based strategy and second, in 2004–2007, through a mixed strategy based on social transfer cuts and tax increases. In order to assess welfare and, in...

Persistent link: https://www.econbiz.de/10010664383