A review of agent‐based modeling of climate‐energy policy

J Castro, S Drews, F Exadaktylos… - Wiley …, 2020 - Wiley Online Library
Agent‐based models (ABMs) have recently seen much application to the field of climate
mitigation policies. They offer a more realistic description of micro behavior than traditional …

[PDF][PDF] Agent-based modeling in economics and finance: Past, present, and future

RL Axtell, JD Farmer - Journal of Economic Literature, 2022 - oms-inet.files.svdcdn.com
Agent-based modeling (ABM) is a novel computational methodology for representing the
behavior of individuals in order to study social phenomena. Its use is rapidly growing in …

Agent based-stock flow consistent macroeconomics: Towards a benchmark model

A Caiani, A Godin, E Caverzasi, M Gallegati… - Journal of Economic …, 2016 - Elsevier
The paper moves from a discussion of the challenges posed by the crisis to standard
macroeconomics and the solutions adopted within the DSGE community. Although several …

Econagent: large language model-empowered agents for simulating macroeconomic activities

N Li, C Gao, M Li, Y Li, Q Liao - … of the 62nd Annual Meeting of the …, 2024 - aclanthology.org
The advent of artificial intelligence has led to a growing emphasis on data-driven modeling
in macroeconomics, with agent-based modeling (ABM) emerging as a prominent bottom-up …

Macroeconomic policy in DSGE and agent-based models redux: New developments and challenges ahead

G Fagiolo, A Roventini - Available at SSRN 2763735, 2016 - papers.ssrn.com
Abstract The Great Recession seems to be a natural experiment for economic analysis, in
that it has shown the inadequacy of the predominant theoretical framework-the New …

Stock‐flow consistent macroeconomic models: A survey

M Nikiforos, G Zezza - Analytical Political Economy, 2018 - Wiley Online Library
The stock‐flow consistent (SFC) modelling approach, grounded in the pioneering work of
Wynne Godley and James Tobin in the 1970s, has been adopted by a growing number of …

An interdisciplinary model for macroeconomics

AG Haldane, AE Turrell - Oxford Review of Economic Policy, 2018 - academic.oup.com
Macroeconomic modelling has been under intense scrutiny since the Great Financial Crisis,
when serious shortcomings were exposed in the methodology used to understand the …

Income distribution, credit and fiscal policies in an agent-based Keynesian model

G Dosi, G Fagiolo, M Napoletano… - Journal of Economic …, 2013 - Elsevier
This work studies the relations between income distribution and monetary/fiscal policies
using an credit-augmented version of the agent-based Keynesian model in Dosi et …

Large language model-empowered agents for simulating macroeconomic activities

N Li, C Gao, Y Li, Q Liao - Available at SSRN 4606937, 2023 - papers.ssrn.com
The advent of the Web has brought about a paradigm shift in traditional economics,
particularly in the digital economy era, enabling the precise recording and analysis of …

Emergent dynamics of a macroeconomic agent based model with capital and credit

T Assenza, DD Gatti, J Grazzini - Journal of Economic Dynamics and …, 2015 - Elsevier
In this paper we present and discuss a Macroeconomic Agent-Based Model with Capital and
Credit (CC-MABM) which builds upon the framework put forward by Delli Gatti et al.(2011) …