Sylvain Bardea and Sander van der Hoog

Author Archive | Sylvain Bardea and Sander van der Hoog

working_paper_2017_29_cover

An empirical validation protocol for large-scale agent-based models

Despite recent advances in bringing agent-based models (ABMs) to the data, the estimation or calibration of model parameters remains a challenge, especially when it comes to large-scale agent-based macroeconomic models. Most methods, such as the method of simulated moments (MSM), require in-the-loop simulation of new data, which may not be feasible for such computationally heavy […]

Continue Reading