Advances in the agent-based modeling of economic and social behavior
In this review we discuss advances in the agent-based modeling of economic and social
systems. We show the state of the art of the heuristic design of agents and how behavioral …
systems. We show the state of the art of the heuristic design of agents and how behavioral …
The global financial crisis, the EMU sovereign debt crisis and international financial regulation: lessons from a systematic literature review
S Meier, MR Gonzalez, F Kunze - International Review of Law and …, 2021 - Elsevier
To ensure the safety and soundness of the global financial system as well as individual
financial institutions and to reduce systemic risk, numerous policy measures and regulatory …
financial institutions and to reduce systemic risk, numerous policy measures and regulatory …
Inequality and finance in a rent economy
This paper offers a contribution to the understanding of the interactions between finance,
instability and inequality. We investigate the ways income and wealth inequality may have …
instability and inequality. We investigate the ways income and wealth inequality may have …
The impacts of interest rates on banks' loan portfolio risk-taking
Using an agent-based model, we investigate how interest rates affects banks' risk-taking in
terms of the profile of their lending to real sector firms. Our agent-based model considers five …
terms of the profile of their lending to real sector firms. Our agent-based model considers five …
Neoclassical influences in agent‐based literature: A systematic review
E Brancaccio, M Gallegati… - Journal of Economic …, 2022 - Wiley Online Library
Several studies highlight that the method and the object of analysis of Agent‐Based models
are in various respects in stark contrast to the prevailing neoclassical paradigm and …
are in various respects in stark contrast to the prevailing neoclassical paradigm and …
Monetary policy and large crises in a financial accelerator agent-based model
An accommodating monetary policy followed by a sudden increase of the short term interest
rate often leads to a bubble burst and to an economic slowdown. Through the …
rate often leads to a bubble burst and to an economic slowdown. Through the …
Income inequality, consumer debt, and prudential regulation: An agent-based approach to study the emergence of crises and financial instability
P D'Orazio - Economic Modelling, 2019 - Elsevier
The paper presents an agent-based model to study the interaction between income
inequality and prudential regulations in a macroeconomic framework characterized by …
inequality and prudential regulations in a macroeconomic framework characterized by …
Winter is possibly not coming: Mitigating financial instability in an agent-based model with interbank market
We develop a macroeconomic agent-based model to study how financial instability can
emerge from the co-evolution of interbank and credit markets and the policy responses to …
emerge from the co-evolution of interbank and credit markets and the policy responses to …
Complex agent-based models
M Gallegati - 2018 - Springer
“Why did no one see the crisis coming?” asked the Queen about the Great Recession. The
problem, however, lies not in the prediction, but in the fact that the dominant economic …
problem, however, lies not in the prediction, but in the fact that the dominant economic …