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.

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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.
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 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).
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.
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.
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. 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.
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Böhl G, van der Hoog S, Harting P (2014)
Bielefeld University.
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