| 書(shū)目名稱(chēng) | Emergent Macroeconomics | | 副標(biāo)題 | An Agent-Based Appro | | 編輯 | Domenico Delli Gatti,Edoardo Gaffeo,Antonio Palest | | 視頻video | http://file.papertrans.cn/309/308164/308164.mp4 | | 叢書(shū)名稱(chēng) | New Economic Windows | | 圖書(shū)封面 |  | | 描述 | by exploiting the disequilibrium and non linear relationships among economic aggregates. Prom an empirical point of view, this approach resemblaces the old NBER view, according to which: "the business cycle [. . . ] consists of - pansions occurring at about the same time in many economic activities, f- lowed by similairly general recessions, contractions, and revivals which merge into the expansion phase of the next cyxle" (Burns and Mitchell, 1946). They add that the movement, although recurrent, is not periodic, lasting from 1 to 12 years, and it is not divisible into shorter cycles. Of course, both approaches are not free from limits and inconsistencies. In spite of the equilibrium approach having nowadays became the workhorse of modern macroeconomics, for example, their users still find enormous d- ficulties in explaining why small shocks produce large fluctuations. A well known argument in multi sector real business cycle models (see e. g. Long and Plosser, 1983) is that as the number of sectors or industries considered in the analysis becomes large, aggregate volatility must tend to zero very quickly. This result, which follows directly from the Law of Large Numbers (LLN), re | | 出版日期 | Book 2008 | | 關(guān)鍵詞 | agent based computational economics; business cycle; economic growth; financial fragility; firms‘ size d | | 版次 | 1 | | doi | https://doi.org/10.1007/978-88-470-0725-3 | | isbn_softcover | 978-88-470-1561-6 | | isbn_ebook | 978-88-470-0725-3Series ISSN 2039-411X Series E-ISSN 2039-4128 | | issn_series | 2039-411X | | copyright | Springer-Verlag Milan 2008 |
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