BaGBeM Research Workshop „Agent-Based Macroeconomics“

Datum: 17.-19. Oktober 2018
Referent: Alberto Russo

Themen

• Komplexitätsökonomik
• Makroökonomie mit heterogenen interagierenden Agenten
• Ungleichheit, finanzielle Instabilität, Krisen  
•  Aufbau und Simulation eines einfachen agentenbasierten Modells

Über den Referenten

Alberto Russo ist Assistenzprofessor an der Università Politecnica delle Marche, Ancona (Italien). Seine Forschungsinteressen konzentrieren sich auf: Agentenbasierte Modelle und Komplexitätsökonomik, Makroökonomie mit heterogenen interagierenden Agenten, Ungleichheit, finanzielle Instabilität und experimentelle Ökonomie. Seine Arbeit wurde in verschiedenen Fachzeitschriften veröffentlicht, darunter das Journal of Economic Dynamics and Control, Journal of Evolutionary Economics, Macroeconomic Dynamics, usw. Außerdem ist er Co-Autor von drei Büchern, die von den Verlagen Cambridge University Press, Elsevier und Springer veröffentlicht wurden. Als Gastredakteur ist er für die Zeitschriften Economics E-Journal, Industrial and Corporate Change, Journal of Economic Behaviorand Organization und Journal of Economic Dynamics and Control tätig.

Zeitplan

Mittwoch, 17. Oktober

09:30 – 10:30     Introduction to Agent-Based Macroeconomics

11:00 – 12:30     Agent-Based Computational Economics: What, Why, When

14:00 – 15:30     Building and simulating a toy model I

Donnerstag, 18. Oktober

09:30 – 10:30     Building and simulating a toy model II

11:00 – 12:30     An Agent-Based Decentralized Matching Macro Model

14:00 – 15:30     Extensions: from Financialization to Financial Regulation and Inequality

16:00 – 17:30     Office hours

Freitag, 19. Oktober

09:30 – 10:30     ABM-SFC I: Does Inequality Hamper Innovation and Growth?

11:00 – 12:30     ABM-SFC II: Inequality and Finance in a Rent Economy

14:00 – 15:30     Conclusions and discussion of student’s works

Literatur

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Bücher

• Caiani A., Russo A., Palestrini A., Gallegati M. (2017), Economics with Heterogeneous Interacting Agents: A Practical Guide to Agent-Based Modelling, Springer

• Delli Gatti D., Fagiolo G., Gallegati M., Richiardi M., Russo A. (2018), Agent-Based Models in Economics: A Toolkit, Cambridge University Press

Kapitel

• Delli Gatti D., Dawid H. (2018), Agent-based macroeconomics, in Hommes C., and B. LeBaron (eds.), Handbook of Computational Economics, Vol. 4: Heterogeneous Agent Models

Artikel in Fachzeitschriften

• Botta A., Caverzasi E., Russo A., Gallegati M., Stiglitz J.E. (2018), Inequality and finance in a rent economy, Greenwich Papers in Political Economy 20377, University of Greenwich, Greenwich Political Economy Research Centre

• Caiani A., Russo A., Gallegati M. (2018), Does inequality hamper innovation and growth? An AB-SFC analysis, Journal of Evolutionary Economics, first online

• Caiani A., Russo A., Gallegati M. (2018), Are higher wages good for business? An assessment under alternative innovation and investment scenarios, Macroeconomic Dynamics, first online

• Caverzasi E., Russo A. (2018), Towards a new microfounded macroeconomics in the wake of the crisis, Industrial and Corporate Change, forthcoming 

• Riccetti L., Russo A., Gallegati M. (2015), An agent based decentralized matching macroeconomic model, Journal of Economic Interaction and Coordination, 10(2): 305-332

• Riccetti L., Russo A., Gallegati M. (2016), Financialisation and crisis in an agent based macroeconomic model, Economic Modelling, 52(PA): 162-172

• Riccetti L., Russo A., Gallegati M. (2018), Financial regulation and endogenous macroeconomic crises, Macroeconomic Dynamics, 22(04): 896-930

• Russo A., Riccetti L., Gallegati M. (2016), Increasing inequality, financial fragility and consumer credit in an agent based macroeconomic model, Journal of Evolutionary Economics, 26(1): 25-47