An evolutionary model of endogenous business cycles

DOI10.1007/S10614-005-9014-2zbMath1153.91651OpenAlexW2163612501MaRDI QIDQ853563

Giorgio Fagiolo, Andrea Roventini, Giovanni Dosi

Publication date: 17 November 2006

Published in: Computational Economics (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1007/s10614-005-9014-2

zbMATH Keywords

evolutionary dynamicsagent-based computational economicsendogenous business cycleslumpy investmentanimal spiritsoutput fluctuations

Mathematics Subject Classification ID

Production theory, theory of the firm (91B38) Economic growth models (91B62)

Related Items (10)

Tipping points in macroeconomic agent-based models ⋮ Fiscal and monetary policies in complex evolving economies ⋮ When more flexibility yields more fragility: the microfoundations of Keynesian aggregate unemployment ⋮ 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 ⋮ Interacting nonlinear reinforced stochastic processes: Synchronization or non-synchronization ⋮ Endogenous growth and global divergence in a multi-country agent-based model ⋮ Adaptive consumption behavior ⋮ Decentralized allocation of human capital and nonlinear growth ⋮ LUMPY INVESTMENT AND ENDOGENOUS BUSINESS CYCLES IN AN EVOLUTIONARY MULTI-AGENT MODEL

Cites Work

• Why are distributions of firm growth rates tent-shaped?
• Dynamic Investment Models and the Firm's Financial Policy
• LUMPY INVESTMENT AND ENDOGENOUS BUSINESS CYCLES IN AN EVOLUTIONARY MULTI-AGENT MODEL
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