Abstract
The paper presents a survey of Post Keynesian (PK) agent-based (AB) models and AB models with PK features. It is argued that AB modeling is fully consistent with the PK approach and that the cross-fertilization can benefit both areas of research. The survey focuses on how the various models have faced the issues implied by adopting a bottom–up approach in a traditionally aggregative structure and highlights the additional insights coming from this modeling strategy. Particular attention is devoted to stock-flow consistent AB models for theivvr potential in defining a new benchmark for this type of research.
Original language | English |
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Pages (from-to) | 1183-1203 |
Number of pages | 21 |
Journal | Journal of Economic Surveys |
Volume | 31 |
Issue number | 5 |
DOIs | |
Publication status | Published - Dec 2017 |
Externally published | Yes |