Macroeconomic ABM - some 2021 highlights
Three new an interesting Macroeconomic ABM papers !
Introducing Inverse Generative Social Science
Can we infer the possible agent behaviors from aggregate dynamics? We think so, find out more about how
What is Agent-based Modeling?
Answering: what exactly is ABM? why is it useful? where has it been used? how does it relate to the data? where do we go from here?
The Blanket Shotgun Process
How does behaviour evolve over time? Imitation, Exploitation and Innovation
Shops, Trade, and Banking Stabilizers
Does bank lending in crises mean better macro performance? Ashraf et al.'s model of shops, banks and trade
Caiani et al: Money, Consistency, and a Benchmark Model
Money creation and stock flow consistent modelling for macroeconomic agent-based modelling - investigating the model of Caiani et al. (2016)
Why ABM needs Statistical Model Checking
I review Vandin et al. (2020)'s article on statistical model checking for ABM to give: the why, a summary of their methods, and how we might interpret their results