In this paper the requirements for an ALN simulation environment are analysed, as needed in the CATNETS Project. A number of grid and general purpose simulators are evaluated regarding the identified requirements for simulating economical resource allocation mechanisms in ALNs. Subsequently a...

This paper studies how the interplay between technological shocks and financial variables shapes the properties of macroeconomic dynamics. Most of the existing literature has based the analysis of aggregate macroeconomic regularities on the representative agent hypothesis (RAH). However, recent...

This paper compares the effectiveness of different fiscal policy instruments – carbon pricing, fiscal incentives for private green investments, and public green investment – in supporting a green recovery that is also fiscally sustainable. It uses a new Integrated Assessment Model (IAM) with...

This study examines the potential impact of a hypothetical but plausible migration scenario on Austria’s economy and labour market, inspired by Austria’s experience in 2015. Using the agent-based macroeconomic model developed by Poledna et al. (2023), the study explores the detailed labour...

The paper proposes an innovative approach for the analytical solution of agent-based models. The approach is termed Dynamic Stochastic Generalized Aggregation (DSG-A) and is tested on a macroeconomic model articulated in a job and in a goods markets with a large number of heterogeneous and...