Here.
This chapter surveys work dedicated to macroeconomic analysis using an agentbased modeling approach. After a short review of the origins and general characteristics of this approach a systemic comparison of the structure and modeling assumptions of a set of important (families of) agent-based macroeconomic models is provided. The comparison highlights substantial similarities between the different models, thereby identifying what could be considered an emerging common core of macroeconomic agent-based modeling. In the second part of the chapter agent-based macroeconomic research in different domains of economic policy is reviewed.
From:
Herbert Dawid
Bielefeld University
Domenico Delli Gatti
Universit`a Cattolica del Sacro Cuore
This chapter surveys work dedicated to macroeconomic analysis using an agentbased modeling approach. After a short review of the origins and general characteristics of this approach a systemic comparison of the structure and modeling assumptions of a set of important (families of) agent-based macroeconomic models is provided. The comparison highlights substantial similarities between the different models, thereby identifying what could be considered an emerging common core of macroeconomic agent-based modeling. In the second part of the chapter agent-based macroeconomic research in different domains of economic policy is reviewed.
From:
Herbert Dawid
Bielefeld University
Domenico Delli Gatti
Universit`a Cattolica del Sacro Cuore