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 …

Agent‐based computational economics (ACE) has been used for tackling major research
questions in macroeconomics for at least two decades. This growing field positions itself as …

Climate policy has been mainly studied with economic models that assume representative,
rational agents. Such policy aims, though, at changing carbon-intensive consumption and …

The world economy crucially depends on multi-layered value chains with high degrees of
sector-related specialization. Its final products are of international character and serve the …

We explore the effects of banking regulation on financial stability and macroeconomic
dynamics in an agent-based computational model. In particular, we study the minimum level …

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 …

The issue of income inequality occupies a prominent position in the research agenda of
academic and policy circles alike, especially after the crisis of 2008, due to its potential …

This article contributes to the field of evolutionary macroeconomics by highlighting the
dynamic interlinkages between micro-meso-macro with a Veblenian meso foundation in an …

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 …

In this paper we present methods, data and algorithms for simulating budget system in the
model of the Russian Federation spatial development. We show the place of this task in …