Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/174569
Authors: 
Dosi, Giovanni
Roventini, Andrea
Year of Publication: 
2017
Series/Report no.: 
LEM Working Paper Series 2017/19
Abstract: 
In this work, we discuss how the rich academic milieu left by different Italian political economy traditions after WWII paved the way to the development of a new generation of macroeconomic agent-based models. The K+S (Dosi et al., 2010, 2016a), CATS (Delli Gatti et al., 2005, 2011) and EURACE (Cincotti et al., 2010; Teglio et al., 2012) families of agent- based models are at the frontier of an alternative macroeconomic research paradigm which considers the economy as a complex evolving system. The three families of models are presented in details and their empirical performance and policy exercises discussed.
Subjects: 
Agent-Based Macroeconomics
Classical Political Economy
Macrodynamics
Complexity Theory
L. L. Pasinetti
P. Sylos Labini
JEL: 
B22
B5
E00
E32
E6
O3
O4
Document Type: 
Working Paper

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