Emergent Macroeconomics : An Agent-Based Approach to Business Fluctuations /
By: Delli Gatti, Domenico [author.].
Contributor(s): Gaffeo, Edoardo [author.] | Gallegati, Mauro [author.] | Giulioni, Gianfranco [author.] | Palestrini, Antonio [author.] | SpringerLink (Online service).
Material type:
BookSeries: New Economic Windows: Publisher: Milano : Springer Milan, 2008.Description: XII, 114 p. online resource.Content type: text Media type: computer Carrier type: online resourceISBN: 9788847007253.Subject(s): Physics | Finance | Statistical physics | Dynamical systems | Industrial organization | Macroeconomics | Economics | Physics | Statistical Physics, Dynamical Systems and Complexity | Economic Systems | Industrial Organization | Macroeconomics/Monetary Economics//Financial Economics | Finance, generalDDC classification: 621 Online resources: Click here to access online | Item type | Current location | Call number | Status | Date due | Barcode | Item holds |
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E books
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PK Kelkar Library, IIT Kanpur | Available | EBK8426 |
Crucial Issues -- Stylized Facts of Industrial Dynamics: The Distribution of Firms’ Size -- Stylized Facts in Industrial Dynamics: Exit, Productivity, Income -- An Agent-based Model -- Where Do We Go from Here?.
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. This book should be a valuable resource for all researchers interested in analyzing macroeconomic issues without recurring to a fictitious representative agent.
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