Emergent macroeconomics: an agent-based approach to business fluctuations
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.
Saved in:
| Format: | Book |
|---|---|
| Language: | English |
| Published: |
Milano [u.a.]
Springer
2008
|
| Series: | New Economic Windows
|
| Subjects: | |
| Online Access: | Inhaltsverzeichnis |
| Summary: | 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. |
| Item Description: | Literaturverz. S. [105] - 114 |
| Physical Description: | XII, 114 S. graph. Darst. |
| ISBN: | 8847007240 9788847007246 9788847015616 |
Staff View
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| 245 | 1 | 0 | |a Emergent macroeconomics |b an agent-based approach to business fluctuations |c Domenico Delli Gatti ... |
| 264 | 1 | |a Milano [u.a.] |b Springer |c 2008 | |
| 300 | |a XII, 114 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
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| 338 | |b nc |2 rdacarrier | ||
| 490 | 0 | |a New Economic Windows | |
| 500 | |a Literaturverz. S. [105] - 114 | ||
| 520 | 3 | |a 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. | |
| 650 | 4 | |a Mathematisches Modell | |
| 650 | 4 | |a Business cycles |x Mathematical models | |
| 650 | 4 | |a Macroeconomics |x Mathematical models | |
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Record in the Search Index
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|---|---|
| adam_text | Table
of
Contents
Crucial Issues
............................................. 1
1.1
Introduction
........................................... 1
1.2
Aggregate Among Peers
-
If You Please
................... 4
1.3
Robinson Crusoe Meets Friday
........................... 5
1.4
Complexity
............................................ 7
1.5
Outline of the Book
..................................... 9
Stylized Facts of Industrial Dynamics:
The Distribution of Firms Size
........................... 11
2.1
Introduction
........................................... 11
2.2
Pareto, Gibrat, Laplace: The Statistical Analysis
of Industrial Dynamics
.................................. 12
2.3
Unconditional Firms Size Distribution
for Pooled International Data
............................ 14
2.4
The Size Distribution of Firms Conditional
on the Business Cycle
................................... 17
2.5
The Size Distribution Shift over the Business Cycle
......... 20
2.6
Does it Make any Sense?
................................ 25
2.7
Power Laws Changes in Slope
........................... 27
2.8
A Mean/Variance Relationship for the Size Distribution
..... 28
Stylized Facts in Industrial Dynamics:
Exit, Productivity, Income
................................ 33
3.1
The Exit of Firms
...................................... 33
3.1.1
Evidence on the Extinction Rate
................... 33
3.1.2
Power Law for Bad Debt
.......................... 38
3.2
Productivity and Income
................................ 40
3.2.1
The Distribution of Productivity in France and Spain
. 40
3.2.2
Power Law Tails in the Italian Personal Income
Distribution
..................................... 43
3.3
Power Law Scaling in the World Income Distribution
....... 50
3.4
Distributional Features of Aggregate Fluctuations
.......... 54
XII Table of
Contents
4
An Agent-based
Model
................................... 61
4.1
Introduction
........................................... 61
4.2
Heterogeneous Interacting Agents and Power Laws
.......... 62
4.3
Agent Based Modeling
.................................. 65
4.4
Scale Free Property and Fat Tails Rate of Growth
.......... 66
4.5
An Agent-based Model
.................................. 74
4.5.1
Firms
........................................... 74
4.5.2
The Banking Sector
.............................. 76
4.5.3
Firms Demography
.............................. 78
4.5.4
Long-Run Dynamics
.............................. 78
4.6
Simulation Results: Preliminaries
......................... 79
4.6.1
Firms Size and Growth Rates Distributions
......... 81
4.6.2
Conditional Distributions
.......................... 83
4.7
Statistical Aggregation
.................................. 85
4.8
Summing Up
.......................................... 91
Appendix
.................................................. 91
5
Where Do We Go from Here?
............................ 95
5.1
Instead of a Conclusion
................................. 95
5.2
Where Are We?
........................................ 95
5.3
A Hybrid Framework
................................... 97
5.4
Where Do We Go from Here?
............................ 100
References
.................................................... 105
|
| adam_txt |
Table
of
Contents
Crucial Issues
. 1
1.1
Introduction
. 1
1.2
Aggregate Among Peers
-
If You Please
. 4
1.3
Robinson Crusoe Meets Friday
. 5
1.4
Complexity
. 7
1.5
Outline of the Book
. 9
Stylized Facts of Industrial Dynamics:
The Distribution of Firms' Size
. 11
2.1
Introduction
. 11
2.2
Pareto, Gibrat, Laplace: The Statistical Analysis
of Industrial Dynamics
. 12
2.3
Unconditional Firms' Size Distribution
for Pooled International Data
. 14
2.4
The Size Distribution of Firms Conditional
on the Business Cycle
. 17
2.5
The Size Distribution Shift over the Business Cycle
. 20
2.6
Does it Make any Sense?
. 25
2.7
Power Laws' Changes in Slope
. 27
2.8
A Mean/Variance Relationship for the Size Distribution
. 28
Stylized Facts in Industrial Dynamics:
Exit, Productivity, Income
. 33
3.1
The Exit of Firms
. 33
3.1.1
Evidence on the Extinction Rate
. 33
3.1.2
Power Law for Bad Debt
. 38
3.2
Productivity and Income
. 40
3.2.1
The Distribution of Productivity in France and Spain
. 40
3.2.2
Power Law Tails in the Italian Personal Income
Distribution
. 43
3.3
Power Law Scaling in the World Income Distribution
. 50
3.4
Distributional Features of Aggregate Fluctuations
. 54
XII Table of
Contents
4
An Agent-based
Model
. 61
4.1
Introduction
. 61
4.2
Heterogeneous Interacting Agents and Power Laws
. 62
4.3
Agent Based Modeling
. 65
4.4
Scale Free Property and Fat Tails Rate of Growth
. 66
4.5
An Agent-based Model
. 74
4.5.1
Firms
. 74
4.5.2
The Banking Sector
. 76
4.5.3
Firms' Demography
. 78
4.5.4
Long-Run Dynamics
. 78
4.6
Simulation Results: Preliminaries
. 79
4.6.1
Firms' Size and Growth Rates Distributions
. 81
4.6.2
Conditional Distributions
. 83
4.7
Statistical Aggregation
. 85
4.8
Summing Up
. 91
Appendix
. 91
5
Where Do We Go from Here?
. 95
5.1
Instead of a Conclusion
. 95
5.2
Where Are We?
. 95
5.3
A Hybrid Framework
. 97
5.4
Where Do We Go from Here?
. 100
References
. 105 |
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| illustrated | Illustrated |
| index_date | 2024-07-02T21:41:24Z |
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| institution | BVB |
| isbn | 8847007240 9788847007246 9788847015616 |
| language | English |
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| physical | XII, 114 S. graph. Darst. |
| publishDate | 2008 |
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| publisher | Springer |
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| series2 | New Economic Windows |
| spelling | Emergent macroeconomics an agent-based approach to business fluctuations Domenico Delli Gatti ... Milano [u.a.] Springer 2008 XII, 114 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier New Economic Windows Literaturverz. S. [105] - 114 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. Mathematisches Modell Business cycles Mathematical models Macroeconomics Mathematical models Makroökonomie (DE-588)4037174-8 gnd rswk-swf Makroökonomie (DE-588)4037174-8 s DE-604 Delli Gatti, Domenico 1957- Sonstige (DE-588)121645711 oth Erscheint auch als Online-Ausgabe 978-88-470-0725-3 Digitalisierung UB Bamberg application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016673198&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Emergent macroeconomics an agent-based approach to business fluctuations Mathematisches Modell Business cycles Mathematical models Macroeconomics Mathematical models Makroökonomie (DE-588)4037174-8 gnd |
| subject_GND | (DE-588)4037174-8 |
| title | Emergent macroeconomics an agent-based approach to business fluctuations |
| title_auth | Emergent macroeconomics an agent-based approach to business fluctuations |
| title_exact_search | Emergent macroeconomics an agent-based approach to business fluctuations |
| title_exact_search_txtP | Emergent macroeconomics an agent-based approach to business fluctuations |
| title_full | Emergent macroeconomics an agent-based approach to business fluctuations Domenico Delli Gatti ... |
| title_fullStr | Emergent macroeconomics an agent-based approach to business fluctuations Domenico Delli Gatti ... |
| title_full_unstemmed | Emergent macroeconomics an agent-based approach to business fluctuations Domenico Delli Gatti ... |
| title_short | Emergent macroeconomics |
| title_sort | emergent macroeconomics an agent based approach to business fluctuations |
| title_sub | an agent-based approach to business fluctuations |
| topic | Mathematisches Modell Business cycles Mathematical models Macroeconomics Mathematical models Makroökonomie (DE-588)4037174-8 gnd |
| topic_facet | Mathematisches Modell Business cycles Mathematical models Macroeconomics Mathematical models Makroökonomie |
| url | http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=016673198&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA |
| work_keys_str_mv | AT delligattidomenico emergentmacroeconomicsanagentbasedapproachtobusinessfluctuations |