This paper reviews the development of agent-based (computational) economics (ACE) from
an econometrics viewpoint. The review comprises three stages, characterizing the past, the …

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 …

World markets are highly interlinked and local economies extensively rely on global supply
and value chains. Consequently, local production disruptions, for instance caused by …

In this paper we deal with some validation and calibration experiments on a modified
version of the Complex Adaptive Trivial System (CATS) model proposed in Gallegati et …

Neither the existence of a global tendency toward the centralization of capital as theorized
by Marx nor the possible links between economic crisis and capital centralization have been …

This book aims to answer two questions that are fundamental to the study of agent-based
economic models: what is agent-based computational economics and why do we need …

An empirical analysis of the Italian system of banks and firms is carried out using the network
theory. The emerging architecture of this economic network shows peculiar behaviors:(i) …

This article studies coordination between firms in a multi-sectoral macroeconomic model
with endogenous business cycles. Firms are both in competition and interdependent, and …

In the course of modern rapid globalization economic structures and systems have changed
profoundly. Goods and services are traded globally and production systems often rely on …

In this paper we characterize the evolution over time of a credit network in the most general
terms as a system of interacting banks and firms operating in a three-sector economy with …