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Agent Based Models A New Tool for Economic and Policy Analysis

 

Notice

Type:   Working paper
 
Titre:   Agent Based Models A New Tool for Economic and Policy Analysis : A New Tool for Economic and Policy Analysis
 
Auteur(s):   Napoletano, Mauro (1977-...) - Observatoire français des conjonctures économiques (Auteur)
Gaffard, Jean-Luc - Observatoire français des conjonctures économiques (Auteur)
Babutsidze, Zakaria (1982-...) (Auteur)
 
Date de publication:   2012-03-15
 
Éditeur:   Paris  :  OFCE
 
Collection:   OFCE Briefing Papers  :  3
 
Résumé:   [en] Are current economic models well equipped to provide useful policy prescriptions? Many economists would have certainly answered, “yes” before the recent Global Recession. This economic crisis has not only demonstrated the importance of banking and financial markets for the dynamics of real economies. It has also revealed the inadequacy of the dominant theoretical framework. Standard models have indeed failed to forecast the advent of the crisis. In addition, they have been unable to indicate a therapy able to restore economic growth (...).
 
 

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Version de l'éditeur briefing3.pdf 0,14 MB