Authors
Alessandro Caiani, Eugenio Caverzasi
Publication date
2017/1/1
Book
Introduction to Agent-Based Economics
Pages
15-64
Publisher
Academic Press
Description
The chapter presents an excursus on the Agent-Based (AB) modeling approach in the field of macroeconomics, with a particular focus on the line of research pushed forward over the last decade by the AB research group at the Marche Polytechnic University of Ancona, to which the authors of this chapter and most of the contributors to the present book belong. The first part of the chapter provides an introduction to the methodology, summarizing its historical and theoretical roots and sketching out its main features. An overview of the recent AB macroeconomic literature is then provided, presenting some of the main “families” of models that have contributed to its development. The second part focuses on the most recent contributions in the field provided by the Ancona research group, which are the result of a research agenda aiming at combining the AB bottom-up approach to macroeconomics with the Post …
Total citations
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