- Abstract:
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In this paper, I elaborate on the role of agent-based (AB) modelling for macroeconomic research. My main tenet is that the full potential of the AB approach has not been realized yet. This potential lies in the modular nature of the models, which is bought by abandoning the straitjacket of rational expectations and embracing an evolutionary perspective. I envisage the foundation of a Modular Macroeconomic Science, where new models with heterogeneous interacting agents, endowed with partial in...
Expand abstract - Publication status:
- Published
- Peer review status:
- Peer reviewed
- Version:
- Accepted manuscript
- Files:
-
-
(pdf, 504.6kb)
-
- Publisher copy:
- 10.1057/s41302-016-0075-9
-
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- Publisher:
- Springer Publisher's website
- Journal:
- Eastern Economic Journal Journal website
- Volume:
- 431
- Issue:
- 2
- Pages:
- 271–287
- Publication date:
- 2016-10-05
- DOI:
- EISSN:
-
1939-4632
- ISSN:
-
0094-5056
- Pubs id:
-
pubs:673223
- URN:
-
uri:61282fff-219b-40d5-8f08-0ea64f29ed45
- UUID:
-
uuid:61282fff-219b-40d5-8f08-0ea64f29ed45
- Local pid:
- pubs:673223
- Keywords:
- Copyright holder:
- EEA
- Copyright date:
- 2016
- Notes:
- © EEA 2016
Journal article
The future of Agent-Based modeling
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