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- ISIDORE Id: 10670/1.574184...
- hal: hal-03399668
- doi: 10.1007/s40797-017-0065-z
- SCIENCESPO: 2441/1g2sm6r2ia88npofcmr7kro58h
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Mots-clés
Agent-based macroeconomics Classical political economy Macrodynamics Complexity theory B - History of Economic Thought, Methodology, and Heterodox Approaches/B.B2 - History of Economic Thought since 1925/B.B2.B22 - Macroeconomics B - History of Economic Thought, Methodology, and Heterodox Approaches/B.B5 - Current Heterodox Approaches E - Macroeconomics and Monetary Economics/E.E0 - General/E.E0.E00 - General E - Macroeconomics and Monetary Economics/E.E3 - Prices, Business Fluctuations, and Cycles/E.E3.E32 - Business Fluctuations • Cycles E - Macroeconomics and Monetary Economics/E.E6 - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook O - Economic Development, Innovation, Technological Change, and Growth/O.O3 - Innovation • Research and Development • Technological Change • Intellectual Property Rights O - Economic Development, Innovation, Technological Change, and Growth/O.O4 - Economic Growth and Aggregate ProductivitySujets proches
Frontier troubles Technological change Breakthroughs, Technological Innovations, Industrial Technological breakthroughs Technical innovations Innovations, Technological Annals Economic theory Political economy Economic growth Growth, Economic Development, EconomicCiter ce document
Giovanni Dosi et al., « Agent-Based Macroeconomics and Classical Political Economy: Some Italian Roots », Archive ouverte de Sciences Po (SPIRE), ID : 10.1007/s40797-017-0065-z
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Résumé
In this work, we discuss how the rich academic milieu left by different Italian political economy traditions after WWII paved the way for the development of a new generation of macroeconomic agent-based models. The K + S (Dosi et al. in J Econ Dyn Control 34:1748–1767, 2010; Dosi et al. in J Evol Econ. https://doi.org/10.1007/s00191-016-0466-4, 2016a), CATS (Delli Gatti et al. in J Econ Behav Organ 56:489–512, 2005; Delli Gatti et al. in Macroeconomics from the bottom-up. Springer, Berlin, 2011) and EURACE (Cincotti et al. in Econ Open Access Open Assess E J 4, 2010; Teglio et al. in Adv Complex Syst 15:1–27, 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 detail and their empirical performance and policy exercises discussed.
