Energy Shocks and Macroeconomic Stabilization Policies in an Agent-based Macro Model

van der Hoog S, Deissenberg C (2010)
In: Computational Methods in Economic Dynamics. Dawid H, Semmler W (Eds); Dynamic Modeling and Econometrics in Economics and Finance, 13. Berlin: Springer: 159-181.

Sammelwerksbeitrag | Veröffentlicht | Englisch
 
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Autor*in
van der Hoog, SanderUniBi ; Deissenberg, Christophe
Herausgeber*in
Dawid, Herbert; Semmler, Willi
Abstract / Bemerkung
In this chapter we consider the effects of exogenous energy shocks on an agent-based macroeconomic system and study the out-of-equilibrium dynamics. We introduce automatic stabilizers that allow the artificial economy to absorbe the shocks. Two types of macroeconomic stabilization policies are implemented: a consumer subsidy scheme that compensates households for their loss in purchasing power, and a tax reduction scheme that affects both households and firms to support consumption and investments. Policy experiments are then carried out to evaluate the effectiveness of these macroeconomic policies. Finally, we are able to distinguish between short- and long-term effects of the policy measures.
Stichworte
energy shocks; agent-based modelling; stabilization policies; Agent-based macroeconomics; ETACE_Agent_Based_Modelling
Erscheinungsjahr
2010
Buchtitel
Computational Methods in Economic Dynamics
Band
13
Seite(n)
159-181
Page URI
https://pub.uni-bielefeld.de/record/1919465

Zitieren

van der Hoog S, Deissenberg C. Energy Shocks and Macroeconomic Stabilization Policies in an Agent-based Macro Model. In: Dawid H, Semmler W, eds. Computational Methods in Economic Dynamics. Dynamic Modeling and Econometrics in Economics and Finance. Vol 13. Berlin: Springer; 2010: 159-181.
van der Hoog, S., & Deissenberg, C. (2010). Energy Shocks and Macroeconomic Stabilization Policies in an Agent-based Macro Model. In H. Dawid & W. Semmler (Eds.), Dynamic Modeling and Econometrics in Economics and Finance: Vol. 13. Computational Methods in Economic Dynamics (pp. 159-181). Berlin: Springer.
van der Hoog, S., and Deissenberg, C. (2010). “Energy Shocks and Macroeconomic Stabilization Policies in an Agent-based Macro Model” in Computational Methods in Economic Dynamics, Dawid, H., and Semmler, W. eds. Dynamic Modeling and Econometrics in Economics and Finance, vol. 13, (Berlin: Springer), 159-181.
van der Hoog, S., & Deissenberg, C., 2010. Energy Shocks and Macroeconomic Stabilization Policies in an Agent-based Macro Model. In H. Dawid & W. Semmler, eds. Computational Methods in Economic Dynamics. Dynamic Modeling and Econometrics in Economics and Finance. no.13 Berlin: Springer, pp. 159-181.
S. van der Hoog and C. Deissenberg, “Energy Shocks and Macroeconomic Stabilization Policies in an Agent-based Macro Model”, Computational Methods in Economic Dynamics, H. Dawid and W. Semmler, eds., Dynamic Modeling and Econometrics in Economics and Finance, vol. 13, Berlin: Springer, 2010, pp.159-181.
van der Hoog, S., Deissenberg, C.: Energy Shocks and Macroeconomic Stabilization Policies in an Agent-based Macro Model. In: Dawid, H. and Semmler, W. (eds.) Computational Methods in Economic Dynamics. Dynamic Modeling and Econometrics in Economics and Finance. 13, p. 159-181. Springer, Berlin (2010).
van der Hoog, Sander, and Deissenberg, Christophe. “Energy Shocks and Macroeconomic Stabilization Policies in an Agent-based Macro Model”. Computational Methods in Economic Dynamics. Ed. Herbert Dawid and Willi Semmler. Berlin: Springer, 2010.Vol. 13. Dynamic Modeling and Econometrics in Economics and Finance. 159-181.
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2019-09-06T08:57:12Z
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