Interactive Macroeconomics
Home > Business and Economics > Economics > Econometrics and economic statistics > Interactive Macroeconomics: Stochastic Aggregate Dynamics with Heterogeneous and Interacting Agents(Physics of Society: Econophysics and Sociophysics)
Interactive Macroeconomics: Stochastic Aggregate Dynamics with Heterogeneous and Interacting Agents(Physics of Society: Econophysics and Sociophysics)

Interactive Macroeconomics: Stochastic Aggregate Dynamics with Heterogeneous and Interacting Agents(Physics of Society: Econophysics and Sociophysics)


     0     
5
4
3
2
1



Out of Stock


Notify me when this book is in stock
X
About the Book

One of the major problems of macroeconomic theory is the way in which the people exchange goods in decentralized market economies. There are major disagreements among macroeconomists regarding tools to influence required outcomes. Since the mainstream efficient market theory fails to provide an internal coherent framework, there is a need for an alternative theory. The book provides an innovative approach for the analysis of agent based models, populated by the heterogeneous and interacting agents in the field of financial fragility. The text is divided in two parts; the first presents analytical developments of stochastic aggregation and macro-dynamics inference methods. The second part introduces macroeconomic models of financial fragility for complex systems populated by heterogeneous and interacting agents. The concepts of financial fragility and macroeconomic dynamics are explained in detail in separate chapters. The statistical physics approach is applied to explain theories of macroeconomic modelling and inference.

Table of Contents:
Preface; List of tables; List of figures, 1. Introduction; Part I. Methodological Notes and Tools: 2. The state space notion; 3. The master equation; Part II. Applications to HIA Based Models: 4. Financial fragility and macroeconomic dynamics I: heterogeneity and interaction; 5. Financial fragility and macroeconomic Dynamics II: learning; Part III. Conclusions: 6. Conclusive remarks; Part IV. Appendices and Complements: Appendix A: Complements to Chapter 3; Appendix B: Solving the ME to solve the ABM; Appendix C: Specifying transition rates; Index.

About the Author :
Corrado Di Guilmi earned his Ph.D. in Economics from Università Politecnica delle Marche, Ancona, Italy in 2008. He is currently working as Senior Lecturer in the Economics Discipline Group of the University of Technology, Sydney. He is associate editor of the Review of Keynesian Economics and of Complexity Economics. He was visiting fellow at the Department of Economics of the University of Cambridge, the Department of Applied Mathematics of the Australia National University, the New School for Social Research in New York. His research interests include business cycle, agent-based modelling, nonlinear modelling applications in economics of complex system theory and Post-Keynesian economics. Mauro Gallegati is Professor of Advanced Macroeconomics at the Università Politecnica delle Marche, Italy. He obtained his Ph.D. in Economics from the Università degli Studi di Ancona, Italy in 1989. He has been visiting professor in several universities including Stanford University, Columbia University and Massachusetts Institute of Technology. His research includes business fluctuations, econophysics, nonlinear dynamics, models of financial fragility and heterogeneous interacting agents. He published papers in economic, history of economy and history of economic analysis, nonlinear math, applied economics and econophysics. Simone Landini earned his Doctoral Degree in Mathematics from the University of Milano Bicocca, Italy in 2006. He is a researcher at the Istituto di Ricerche Economico Sociali del Piemonte (IRES Piemonte), Turin, Italy. He has been visiting Fellow at the Faculty of Business at the University of Technology, Sydney. His research interests include macroeconomics, dynamics of industrial and banking sectors, the financial fragility of economic systems, income and wealth distribution, financial markets analysis and microstructure, agent based modelling and their analytical solution, statistical physics and econometric applications to social and regional sciences.


Best Sellers


Product Details
  • ISBN-13: 9781108182898
  • Publisher: Cambridge University Press (Virtual Publishing)
  • Publisher Imprint: Cambridge University Press (Virtual Publishing)
  • Language: English
  • Sub Title: Stochastic Aggregate Dynamics with Heterogeneous and Interacting Agents
  • ISBN-10: 1108182895
  • Publisher Date: 23 Jul 2017
  • Binding: Digital download and online
  • Series Title: Physics of Society: Econophysics and Sociophysics


Similar Products

Add Photo
Add Photo

Customer Reviews

REVIEWS      0     
Click Here To Be The First to Review this Product
Interactive Macroeconomics: Stochastic Aggregate Dynamics with Heterogeneous and Interacting Agents(Physics of Society: Econophysics and Sociophysics)
Cambridge University Press (Virtual Publishing) -
Interactive Macroeconomics: Stochastic Aggregate Dynamics with Heterogeneous and Interacting Agents(Physics of Society: Econophysics and Sociophysics)
Writing guidlines
We want to publish your review, so please:
  • keep your review on the product. Review's that defame author's character will be rejected.
  • Keep your review focused on the product.
  • Avoid writing about customer service. contact us instead if you have issue requiring immediate attention.
  • Refrain from mentioning competitors or the specific price you paid for the product.
  • Do not include any personally identifiable information, such as full names.

Interactive Macroeconomics: Stochastic Aggregate Dynamics with Heterogeneous and Interacting Agents(Physics of Society: Econophysics and Sociophysics)

Required fields are marked with *

Review Title*
Review
    Add Photo Add up to 6 photos
    Would you recommend this product to a friend?
    Tag this Book Read more
    Does your review contain spoilers?
    What type of reader best describes you?
    I agree to the terms & conditions
    You may receive emails regarding this submission. Any emails will include the ability to opt-out of future communications.

    CUSTOMER RATINGS AND REVIEWS AND QUESTIONS AND ANSWERS TERMS OF USE

    These Terms of Use govern your conduct associated with the Customer Ratings and Reviews and/or Questions and Answers service offered by Bookswagon (the "CRR Service").


    By submitting any content to Bookswagon, you guarantee that:
    • You are the sole author and owner of the intellectual property rights in the content;
    • All "moral rights" that you may have in such content have been voluntarily waived by you;
    • All content that you post is accurate;
    • You are at least 13 years old;
    • Use of the content you supply does not violate these Terms of Use and will not cause injury to any person or entity.
    You further agree that you may not submit any content:
    • That is known by you to be false, inaccurate or misleading;
    • That infringes any third party's copyright, patent, trademark, trade secret or other proprietary rights or rights of publicity or privacy;
    • That violates any law, statute, ordinance or regulation (including, but not limited to, those governing, consumer protection, unfair competition, anti-discrimination or false advertising);
    • That is, or may reasonably be considered to be, defamatory, libelous, hateful, racially or religiously biased or offensive, unlawfully threatening or unlawfully harassing to any individual, partnership or corporation;
    • For which you were compensated or granted any consideration by any unapproved third party;
    • That includes any information that references other websites, addresses, email addresses, contact information or phone numbers;
    • That contains any computer viruses, worms or other potentially damaging computer programs or files.
    You agree to indemnify and hold Bookswagon (and its officers, directors, agents, subsidiaries, joint ventures, employees and third-party service providers, including but not limited to Bazaarvoice, Inc.), harmless from all claims, demands, and damages (actual and consequential) of every kind and nature, known and unknown including reasonable attorneys' fees, arising out of a breach of your representations and warranties set forth above, or your violation of any law or the rights of a third party.


    For any content that you submit, you grant Bookswagon a perpetual, irrevocable, royalty-free, transferable right and license to use, copy, modify, delete in its entirety, adapt, publish, translate, create derivative works from and/or sell, transfer, and/or distribute such content and/or incorporate such content into any form, medium or technology throughout the world without compensation to you. Additionally,  Bookswagon may transfer or share any personal information that you submit with its third-party service providers, including but not limited to Bazaarvoice, Inc. in accordance with  Privacy Policy


    All content that you submit may be used at Bookswagon's sole discretion. Bookswagon reserves the right to change, condense, withhold publication, remove or delete any content on Bookswagon's website that Bookswagon deems, in its sole discretion, to violate the content guidelines or any other provision of these Terms of Use.  Bookswagon does not guarantee that you will have any recourse through Bookswagon to edit or delete any content you have submitted. Ratings and written comments are generally posted within two to four business days. However, Bookswagon reserves the right to remove or to refuse to post any submission to the extent authorized by law. You acknowledge that you, not Bookswagon, are responsible for the contents of your submission. None of the content that you submit shall be subject to any obligation of confidence on the part of Bookswagon, its agents, subsidiaries, affiliates, partners or third party service providers (including but not limited to Bazaarvoice, Inc.)and their respective directors, officers and employees.

    Accept

    Fresh on the Shelf


    Inspired by your browsing history


    Your review has been submitted!

    You've already reviewed this product!