New Economic Windows

Macroeconomics from the Bottom-up

Authors: Delli Gatti, D., Desiderio, S., Gaffeo, E., Cirillo, P., Gallegati, M.

  • Two foundational chapters on Bottom-up Adaptive Macroeconomics
  • First complete analysis of an agent-based macroeconomic model from theoretical foundation to empirical testing
  • Chapter on agent-based models' validation
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eBook $99.00
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  • ISBN 978-88-470-1971-3
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Hardcover $129.00
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  • ISBN 978-88-470-1970-6
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Softcover $129.00
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  • ISBN 978-88-470-2518-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
About this book

The recent economic events driven by the big financial crisis of 2007-08 has cogently put to the fore the limits and drawbacks of the ruling research paradigm in macroeconomics. This volume goes to the root of the problem by offering a workable alternative to the renowned issue of the microeconomic foundations of macroeconomic theory. Bringing together techniques from agent-based computational economics and statistical validation, the authors set the stage for a paradigmatic shift, elaborate on it with practical examples and provide an agenda for future research.   

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Reviews

From the reviews:

“Macroeconomics from the Bottom-up proves that agent-based macroeconomics is finally maturing as a field of research. … Macroeconomics from the Bottom-up can persuade many students that agent-based modeling is one of the best options that economists have for understanding what is currently happening in the real world, i.e. for understanding financial crisis.” (Charlotte Bruun, Journal of Artificial Societies and Social Simulation, Vol. 14 (4), 2011)

Table of contents (5 chapters)

  • Introducing Bottom-up Adaptive Macroeconomics

    Delli Gatti, Domenico (et al.)

    Pages 1-24

  • The Making of the BAM Model

    Delli Gatti, Domenico (et al.)

    Pages 25-44

  • The BAM Model at Work

    Delli Gatti, Domenico (et al.)

    Pages 45-83

  • Empirical Validation

    Delli Gatti, Domenico (et al.)

    Pages 85-99

  • Conclusions

    Delli Gatti, Domenico (et al.)

    Pages 101-110

Buy this book

eBook $99.00
price for USA (gross)
  • ISBN 978-88-470-1971-3
  • Digitally watermarked, DRM-free
  • Included format: PDF, EPUB
  • ebooks can be used on all reading devices
  • Immediate eBook download after purchase
Hardcover $129.00
price for USA
  • ISBN 978-88-470-1970-6
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
Softcover $129.00
price for USA
  • ISBN 978-88-470-2518-9
  • Free shipping for individuals worldwide
  • Usually dispatched within 3 to 5 business days.
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Bibliographic Information

Bibliographic Information
Book Title
Macroeconomics from the Bottom-up
Authors
Series Title
New Economic Windows
Copyright
2011
Publisher
Springer-Verlag Mailand
Copyright Holder
Springer Milan
eBook ISBN
978-88-470-1971-3
DOI
10.1007/978-88-470-1971-3
Hardcover ISBN
978-88-470-1970-6
Softcover ISBN
978-88-470-2518-9
Series ISSN
2039-411X
Edition Number
1
Number of Pages
XII, 124
Topics