Agent-Based Macroeconomic Modeling and Policy Analysis: The Eurace@Unibi Model

Dawid H, Gemkow S, Harting P, van der Hoog S, Neugart M (2018)
In: The Oxford Handbook of Computational Economics and Finance. Chen S-H, Kaboudan M, Du Y-R (Eds); New York: Oxford University Press: 490-519.

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Chen, Shu-Heng ; Kaboudan, Mak ; Du, Ye-Rong
Abstract
Agent-based simulation models are a relatively new addition to the tool-box of macroeconomists. The aim of this chapter is to review work that has been carried out in recent years. Particularly, we present the Eurace@Unibi model and set it into perspective with other agent-based macroeconomic models. Besides presenting a sketch of the Eurace@Unibi model, we show how agent-based models can be used to identify economic mechanisms, and how we have applied them for spatial policy analysis. Our assessment is that agent-based modelers have passed the stage of a proof-of-concept. It has been shown that new kinds of insights can be obtained using such an approach complementing established modeling approaches. We conclude by pointing towards potentially fruitful areas of agent-based macroeconomic research.
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Dawid H, Gemkow S, Harting P, van der Hoog S, Neugart M. Agent-Based Macroeconomic Modeling and Policy Analysis: The Eurace@Unibi Model. In: Chen S-H, Kaboudan M, Du Y-R, eds. The Oxford Handbook of Computational Economics and Finance. New York: Oxford University Press; 2018: 490-519.
Dawid, H., Gemkow, S., Harting, P., van der Hoog, S., & Neugart, M. (2018). Agent-Based Macroeconomic Modeling and Policy Analysis: The Eurace@Unibi Model. In S. - H. Chen, M. Kaboudan, & Y. - R. Du (Eds.), The Oxford Handbook of Computational Economics and Finance (pp. 490-519). New York: Oxford University Press.
Dawid, H., Gemkow, S., Harting, P., van der Hoog, S., and Neugart, M. (2018). “Agent-Based Macroeconomic Modeling and Policy Analysis: The Eurace@Unibi Model” in The Oxford Handbook of Computational Economics and Finance, Chen, S. - H., Kaboudan, M., and Du, Y. - R. eds. (New York: Oxford University Press), 490-519.
Dawid, H., et al., 2018. Agent-Based Macroeconomic Modeling and Policy Analysis: The Eurace@Unibi Model. In S. - H. Chen, M. Kaboudan, & Y. - R. Du, eds. The Oxford Handbook of Computational Economics and Finance. New York: Oxford University Press, pp. 490-519.
H. Dawid, et al., “Agent-Based Macroeconomic Modeling and Policy Analysis: The Eurace@Unibi Model”, The Oxford Handbook of Computational Economics and Finance, S.-H. Chen, M. Kaboudan, and Y.-R. Du, eds., New York: Oxford University Press, 2018, pp.490-519.
Dawid, H., Gemkow, S., Harting, P., van der Hoog, S., Neugart, M.: Agent-Based Macroeconomic Modeling and Policy Analysis: The Eurace@Unibi Model. In: Chen, S.-H., Kaboudan, M., and Du, Y.-R. (eds.) The Oxford Handbook of Computational Economics and Finance. p. 490-519. Oxford University Press, New York (2018).
Dawid, Herbert, Gemkow, Simon, Harting, Philipp, van der Hoog, Sander, and Neugart, Michael. “Agent-Based Macroeconomic Modeling and Policy Analysis: The Eurace@Unibi Model”. The Oxford Handbook of Computational Economics and Finance. Ed. Shu-Heng Chen, Mak Kaboudan, and Ye-Rong Du. New York: Oxford University Press, 2018. 490-519.
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This data publication is cited in the following publications:
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2674041
ETACE Virtual Appliance
Böhl G, van der Hoog S, Harting P (2014) : Bielefeld University. doi:10.4119/unibi/2674041.
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