Authors
Domenico Delli Gatti, Edoardo Gaffeo, Mauro Gallegati
Publication date
2010/12
Journal
Journal of Economic Interaction and Coordination
Volume
5
Issue
2
Pages
111-135
Publisher
Springer-Verlag
Description
This article discusses some issues and challenges facing modern macroeconomics. We argue for the necessity to replace the reductionist approach at the heart of mainstream DSGE models with an approach rooted on the science of complexity and agent-based modelling. To strengthen and exemplify our position, we show a simple example and introduce several items for a research agenda along these lines.
Total citations
Scholar articles
DD Gatti, E Gaffeo, M Gallegati - Journal of Economic Interaction and Coordination, 2010
DD Gatti, E Gaffeo, M Gallegati - 2010
DD Gatti, E Gaffeo, M Gallegati - 2009