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An agent based decentralized matching macroeconomic model

Luca Riccetti, Alberto Russo, M. Gallegati

2014.3.14Journal of Economic Interaction and Coordination

DOI: 10.1007/s11403-014-0130-8

tlooto Summary

A macroeconomic microfounded framework with heterogeneous agents—individuals, firms, banks—which interact through a decentralized matching process presenting common features across four markets—goods, labor, credit and deposit, which highlights that even extended crises can endogenously emerge.

Abstract

Abstract is not available.

Citation format

RICCETTI, Luca; RUSSO, Alberto; GALLEGATI, M. An agent based decentralized matching macroeconomic model. Journal of Economic Interaction and Coordination, 2014, 10: 305–332.