Handling carefully monetary and real flows, given by agents’ behaviors and interactions, is a key requirement when dealing with complex economic models populated by a high number of agents. The paper shows how the stock-flows consistency issue has been faced in the EURACE model, by considering a dynamic balance sheet approach for modeling and validation purposes.

Balance sheet approach to agent-based computational economics: the EURACE project

A. Teglio
;
2010-01-01

Abstract

Handling carefully monetary and real flows, given by agents’ behaviors and interactions, is a key requirement when dealing with complex economic models populated by a high number of agents. The paper shows how the stock-flows consistency issue has been faced in the EURACE model, by considering a dynamic balance sheet approach for modeling and validation purposes.
Combining Soft Computing and Statistical Methods in Data Analysis
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/10278/3695735
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