Herbert Dawid, Philipp Harting and Michael Neugart

Author Archive | Herbert Dawid, Philipp Harting and Michael Neugart

working_paper_2016_15_cover

A Heterogeneous Agent Macroeconomic Model for Policy Evaluation: Improving Transparency and Reproducibility

This paper provides a detailed description of the Eurace@Unibi model, which has been developed as a versatile tool for economic policy analysis. The model explicitly incorporates the decentralized interaction of heterogeneous agents across different sectors and regions. The modeling of individual behavior is based on heuristics with empirical microfoundations. Although Eurace@Unibi has been applied successfully […]

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working_paper_2015_3_cover

Bubbles, crashes and the financial cycle: insights from a stock-flow consistent agent-based macroeconomic model

This paper explores how different credit market- and banking regulations affect business fluctuations. Capital adequacy- and reserve requirements are analysed for their effect on the risk of severe downturns. We develop an agent-based macroeconomic model in which financial contagion is transmitted through balance sheets in an endogenous firm-bank network, that incorporates firm bankruptcy and heterogeneity […]

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