Price dynamics, financial fragility and aggregate volatility

DOI10.1016/j.jedc.2014.11.001zbMath1402.91379OpenAlexW2152659879MaRDI QIDQ1624000

Simone Landini, Herbert Gintis, Mauro Gallegati, Antoine Mandel

Publication date: 15 November 2018

Published in: Journal of Economic Dynamics \& Control (Search for Journal in Brave)

Full work available at URL: https://halshs.archives-ouvertes.fr/halshs-01152302/file/GEFinancialFragilityRevisedFinal.pdf

zbMATH Keywords

general equilibriumfinancial fragilityagent-based modelingmacroeconomic volatility

Mathematics Subject Classification ID

Economic growth models (91B62) General equilibrium theory (91B50) Heterogeneous agent models (91B69)

Related Items (4)

Decentralized pricing and the equivalence between Nash and Walrasian equilibrium ⋮ The roles of mean residence time on herd behavior in a financial market ⋮ Out-of-equilibrium dynamics and excess volatility in firm networks ⋮ Modeling loss-propagation in the global supply network: the dynamic agent-based model acclimate

Uses Software

• plfit

Cites Work

• Decentralized pricing and the equivalence between Nash and Walrasian equilibrium
• Liaisons dangereuses: increasing connectivity, risk sharing, and systemic risk
• The financial accelerator in an evolving credit network
• Schumpeter meeting Keynes: a policy-friendly model of endogenous growth and business cycles
• Income distribution, credit and fiscal policies in an agent-based Keynesian model
• Credit chains and bankruptcy propagation in production networks
• The Network Origins of Aggregate Fluctuations
• The Granular Origins of Aggregate Fluctuations
• Systemic Risk in Financial Systems
• Power-Law Distributions in Empirical Data
• Aggregate fluctuations from independent sectoral shocks: self-organized criticality in a model of production and inventory dynamics
• Unnamed Item

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