THE AGENT-BASED APPROACH TO POST KEYNESIAN MACRO-MODELING

Di Guilmi, C

THE AGENT-BASED APPROACH TO POST KEYNESIAN MACRO-MODELING

Di Guilmi, C

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Publication Type:: Chapter
Citation:: 2017, 31 pp. 1183 - 1203
Issue Date:: 2017-12-01

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Field	Value	Language
dc.contributor.author	Di Guilmi, C https://orcid.org/0000-0001-7786-039X	en_US
dc.date.issued	2017-12-01	en_US
dc.identifier.citation	2017, 31 pp. 1183 - 1203	en_US
dc.identifier.uri	http://hdl.handle.net/10453/124485
dc.description.abstract	© 2017 John Wiley & Sons Ltd. The paper presents a survey of Post Keynesian (PK) agent-based (AB) models and AB models with PK features. It is argued that AB modeling is fully consistent with the PK approach and that the cross-fertilization can benefit both areas of research. The survey focuses on how the various models have faced the issues implied by adopting a bottom–up approach in a traditionally aggregative structure and highlights the additional insights coming from this modeling strategy. Particular attention is devoted to stock-flow consistent AB models for theivvr potential in defining a new benchmark for this type of research.	en_US
dc.relation.isbasedon	10.1111/joes.12244	en_US
dc.subject.classification	Economics	en_US
dc.title	THE AGENT-BASED APPROACH TO POST KEYNESIAN MACRO-MODELING	en_US
dc.type	Chapter
utslib.citation.volume	31	en_US
utslib.for	1402 Applied Economics	en_US
utslib.for	1403 Econometrics	en_US
pubs.embargo.period	Not known	en_US
pubs.organisational-group	/University of Technology Sydney
pubs.organisational-group	/University of Technology Sydney/Faculty of Business
pubs.organisational-group	/University of Technology Sydney/Faculty of Business/Economics Discipline
utslib.copyright.status	closed_access
pubs.publication-status	Published	en_US
pubs.volume	31	en_US

Abstract:

© 2017 John Wiley & Sons Ltd. The paper presents a survey of Post Keynesian (PK) agent-based (AB) models and AB models with PK features. It is argued that AB modeling is fully consistent with the PK approach and that the cross-fertilization can benefit both areas of research. The survey focuses on how the various models have faced the issues implied by adopting a bottom–up approach in a traditionally aggregative structure and highlights the additional insights coming from this modeling strategy. Particular attention is devoted to stock-flow consistent AB models for theivvr potential in defining a new benchmark for this type of research.

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http://hdl.handle.net/10453/124485