Interactive macroeconomics stochastic aggregate dynamics with heterogeneous and interacting agents

One of the major problems of macroeconomic theory is the way in which the people exchange goods in decentralized market economies. There are major disagreements among macroeconomists regarding tools to influence required outcomes. Since the mainstream efficient market theory fails to provide an inte...

Full description

Bibliographic Details
Main Authors: Di Guilmi, Corrado, Landini, Simone (Author), Gallegati, M. (Author)
Format: eBook
Language:English
Published: Cambridge Cambridge University Press 2017
Subjects:
Online Access:
Collection: Cambridge Books Online - Collection details see MPG.ReNa
LEADER 01934nmm a2200265 u 4500
001 EB001542396
003 EBX01000000000000000940482
005 00000000000000.0
007 cr|||||||||||||||||||||
008 170804 ||| eng
020 |a 9781108182898 
050 4 |a HB172.5 
100 1 |a Di Guilmi, Corrado 
245 0 0 |a Interactive macroeconomics  |b stochastic aggregate dynamics with heterogeneous and interacting agents  |c Corrado Di Guilmi, Simone Landini, Mauro Gallegati 
260 |a Cambridge  |b Cambridge University Press  |c 2017 
300 |a xx, 285 pages  |b digital 
653 |a Macroeconomics 
700 1 |a Landini, Simone  |e [author] 
700 1 |a Gallegati, M.  |e [author] 
041 0 7 |a eng  |2 ISO 639-2 
989 |b CBO  |a Cambridge Books Online 
028 5 0 |a 10.1017/9781108182898 
856 4 0 |u https://doi.org/10.1017/9781108182898  |x Verlag  |3 Volltext 
082 0 |a 339 
520 |a One of the major problems of macroeconomic theory is the way in which the people exchange goods in decentralized market economies. There are major disagreements among macroeconomists regarding tools to influence required outcomes. Since the mainstream efficient market theory fails to provide an internal coherent framework, there is a need for an alternative theory. The book provides an innovative approach for the analysis of agent based models, populated by the heterogeneous and interacting agents in the field of financial fragility. The text is divided in two parts; the first presents analytical developments of stochastic aggregation and macro-dynamics inference methods. The second part introduces macroeconomic models of financial fragility for complex systems populated by heterogeneous and interacting agents. The concepts of financial fragility and macroeconomic dynamics are explained in detail in separate chapters. The statistical physics approach is applied to explain theories of macroeconomic modelling and inference