Energy price shocks and stabilization policies in the MATRIX model

E Turco, D Bazzana, M Rizzati, E Ciola, S Vergalli - Energy Policy, 2023 - Elsevier
The recent surge in energy prices in Europe has prompted governments to introduce policy
measures to support households and businesses. This paper uses the MATRIX model, a …

Dynamic simulation for reclaimed water reuse under multi-intervention policies in China

W Wang, F Wu - Heliyon, 2024 - cell.com
Unconventional water constitutes the fundamental approach to addressing global water
scarcity and achieving the sustainable circulation of water resources. Due to the significant …

What Is the European Central Bank Supposed to Do?

CA Hartwell - Accounting, Economics, and Law: A Convivium, 2023 - degruyter.com
Abstract In July 2021, the European Central Bank (ECB) published a new monetary policy
strategy, the first time in 17 years that it had undertaken a review of its monetary policy. In the …

[HTML][HTML] Concentration, stagnation and inequality: An agent-based approach

R Terranova, EM Turco - Journal of Economic Behavior & Organization, 2022 - Elsevier
This paper presents a macroeconomic agent based model with endogenous innovation-
driven growth and knowledge accumulation which aims to analyze the underlying causes of …

Does too much liquidity generate instability?

G Calcagnini, L Gardini, G Giombini… - Journal of Economic …, 2022 - Springer
Corporate demand for cash is related to a number of firm-specific characteristics, like the
presence of transaction costs, information asymmetry in credit markets, uncertainty and risk …

A basic New Keynesian DSGE model with dispersed information: An agent-based approach

A Gobbi, J Grazzini - Journal of Economic Behavior & Organization, 2019 - Elsevier
The aim of this paper is to bridge macro agent-based models with mainstream
macroeconomic models by agentifying the baseline New Keynesian DSGE model. The …

Agent-based macroeconomics and classical political economy: some Italian roots

G Dosi, A Roventini - Italian Economic Journal, 2017 - Springer
In this work, we discuss how the rich academic milieu left by different Italian political
economy traditions after WWII paved the way for the development of a new generation of …

Monetary policy rules and the inequality-augmented Phillips curve

L Rolim, L Carvalho, D Lang - Economic Modelling, 2024 - Elsevier
Much has been written on the relationship between inflation and unemployment; however,
the issue of inequality and the fact that monetary policy has an impact on inequality when …

Forecasting in a complex environment: Machine learning sales expectations in a Stock Flow Consistent Agent-Based simulation model

E Catullo, M Gallegati, A Russo - Journal of Economic Dynamics and …, 2022 - Elsevier
The aim of this paper is to investigate how different degrees of sophistication in agents'
behavioral rules may affect individual and macroeconomic performances. In particular, we …

Animal spirits, bankruptcies, and monetary policy effectiveness in a hybrid macroeconomic agent-based financial accelerator model

D Bazzana - Journal of Evolutionary Economics, 2024 - Springer
This paper develops a hybrid model with an agent-based financial accelerator framework
embedded in a standard new Keynesian economy. It explores the interactions between the …