ENGLISH

Emergent Macroeconomics

By Domenico Gatti , Edoardo Gaffeo , Mauro Gallegati , Gianfranco Giulioni , Antonio Palestrini

Book information

Publisher
Springer
Year
2010
ISBN
9788847015616, 8847015618
Language
english
Format
PDF
Filesize
2 MB (2180758 bytes)
Series
New Economic Windows
Edition
1st Edition.
Pages
139\139
Topic
Economy
Library
mexmat
Time added
2009-11-09 02:42:13

Description

This book contributes substantively to the current state-of-the-art of macroeconomics by providing a method for building models in which business cycles and economic growth emerge from the interactions of a large number of heterogeneous agents. Drawing from recent advances in agent-based computational modeling, the authors show how insights from dispersed fields like the microeconomics of capital market imperfections, industrial dynamics and the theory of stochastic processes can be fruitfully combined to improve our understanding of macroeconomic dynamics.

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