The modern economy is a complex machine. Its job is to allocate limited resources and distribute output among a large number of agents—mainly individuals, firms, and governments—allowing for the ...
THE MODERN ECONOMY is a complex machine. Its job is to allocate limited resources and distribute output among a large number of agents—mainly individuals, firms, and governments—allowing for the ...
In the 1980s and ’90s, SFI played laboratory to a promising new method known as agent-based modeling. In ensuing decades, agent-based models (ABMs) proliferated across many fields, including economics ...
3. The Smets-Wouters (2007) model is considered the best of a bad bunch, the dwarf among pygmies. Smets-Wouters, 2007 is generally considered the most accurate general model of the economy in ...
Paul Oslington is Vice-President (NSW) of the Economic Society of Australia, and Professor of Economics and Dean of Business at Alphacrucis College Controversy surrounding the use of economic ...
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