Emergent Macroeconomics An Agent-Based Approach to Business Fluctuations /

• Main Authors: Delli Gatti, Domenico (Author), Gaffeo, Edoardo (Author), Gallegati, Mauro (Author), Giulioni, Gianfranco (Author), Palestrini, Antonio (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: Milano : Springer Milan, 2008.
• Series: New Economic Windows
• Subjects: Physics.; Finance.; Statistical physics.; Dynamical systems.; Industrial organization.; Macroeconomics.; Economics.; Statistical Physics, Dynamical Systems and Complexity.; Economic Systems.; Industrial Organization.; Macroeconomics/Monetary Economics//Financial Economics.; Finance, general.

This book contributes substantively to the current state-of-the-art of macroeconomics by providing a method for building models in which business cycles and economic growth emerge from the interactions of a large number of heterogeneous agents. Drawing from recent advances in agent-based computation...

Table of Contents:

• Crucial Issues
• Stylized Facts of Industrial Dynamics: The Distribution of Firms’ Size
• Stylized Facts in Industrial Dynamics: Exit, Productivity, Income
• An Agent-based Model
• Where Do We Go from Here?.