Integrating real and financial markets in an agent-based economic model: An application to monetary policy design

DOI10.1007/S10614-008-9138-2MaRDI QIDQ943968zbMATH OpenOpenAlexFDO

Authors Marco Raberto, Andrea Teglio, Silvano Cincotti

Publication date 12 September 2008

Published in Computational Economics (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1007/s10614-008-9138-2

zbMATH Keywords

Agent-based computational economicsFinancial markets and the macroeconomyMonetary policy design

Mathematics Subject Classification ID

Other game-theoretic models (91A40) Macroeconomic theory (monetary models, models of taxation) (91B64) Economic models of real-world systems (e.g., electricity markets, etc.) (91B74) Economic time series analysis (91B84)

Recommendations

• Monetary Policy Experiments in an Artificial Multi-Market Economy with Reservation Wages
• Agent based-stock flow consistent macroeconomics: towards a benchmark model
• Stabilizing an unstable complex economy on the limitations of simple rules
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• Optimal monetary policy in a New Keynesian model with animal spirits and financial markets

Cites work

• A dynamic general disequilibrium model of a sequential monetary production economy
• A general equilibrium model of a production economy with asset markets.
• Agent-based computational finance: Suggested readings and early research
• Agent-based simulation of a financial market
• ASPEN: A microsimulation model of the economy
• Handbook of computational economics. Vol. 2: Agent-based computational economics
• Learning competitive pricing strategies by multi-agent reinforcement learning
• Monetary Policy Experiments in an Artificial Multi-Market Economy with Reservation Wages
• Optimal Interest-Rate Smoothing
• Structure, behavior, and market power in an evolutionary labor market with adaptive search
• Traders' long-run wealth in an artificial financial market

Cited in

(6)

• Agent based-stock flow consistent macroeconomics: towards a benchmark model
• Stabilizing an unstable complex economy on the limitations of simple rules
• Multi-agent macroeconomic models: the influence of the monetary approach
• MONETARY POLICY TRANSMISSION IN A MACROECONOMIC AGENT-BASED MODEL
• Interactions between monetary and macroprudential policies
• Interactions between the real economy and the stock market: a simple agent-based approach

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