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

Dawid H, Gemkow S, Harting P, van der Hoog S, Neugart M (Submitted)
In: Handbook on Computational Economics and Finance. Chen S-H, Kaboudan M (Eds); Oxford University Press: in press.

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Book Chapter | Submitted | English
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Chen, S-H ; Kaboudan, M
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, eds. Handbook on Computational Economics and Finance. Oxford University Press; Submitted: in press.
Dawid, H., Gemkow, S., Harting, P., van der Hoog, S., & Neugart, M. (Submitted). Agent-Based Macroeconomic Modeling and Policy Analysis: The Eurace@Unibi Model. In S. - H. Chen & M. Kaboudan (Eds.), Handbook on Computational Economics and Finance (p. in press). Oxford University Press.
Dawid, H., Gemkow, S., Harting, P., van der Hoog, S., and Neugart, M. (Submitted). “Agent-Based Macroeconomic Modeling and Policy Analysis: The Eurace@Unibi Model” in Handbook on Computational Economics and Finance, Chen, S. - H., and Kaboudan, M. eds. (Oxford University Press), in press.
Dawid, H., et al., Submitted. Agent-Based Macroeconomic Modeling and Policy Analysis: The Eurace@Unibi Model. In S. - H. Chen & M. Kaboudan, eds. Handbook on Computational Economics and Finance. Oxford University Press, pp. in press.
H. Dawid, et al., “Agent-Based Macroeconomic Modeling and Policy Analysis: The Eurace@Unibi Model”, Handbook on Computational Economics and Finance, S.-H. Chen and M. Kaboudan, eds., Oxford University Press, Submitted, pp.in press.
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. and Kaboudan, M. (eds.) Handbook on Computational Economics and Finance. p. in press. Oxford University Press (Submitted).
Dawid, Herbert, Gemkow, Simon, Harting, Philipp, van der Hoog, Sander, and Neugart, Michael. “Agent-Based Macroeconomic Modeling and Policy Analysis: The Eurace@Unibi Model”. Handbook on Computational Economics and Finance. Ed. S-H Chen and M Kaboudan. Oxford University Press, Submitted. in press.
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Böhl G, van der Hoog S, Harting P (2014)
Bielefeld University.
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