Details about Mauro Gallegati

Access statistics for papers by Mauro Gallegati.

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Short-id: pga109

Working Papers

2012

1. A generalized statistical model for the size distribution of wealth
   Papers, arXiv.org
2. An agent-based "proof of principle" for Walrasian macroeconomic theory
   CEEL Working Papers, Cognitive and Experimental Economics Laboratory, Department of Economics, University of Trento, Italia
3. Finding communities in credit networks
   Economics Discussion Papers, Kiel Institute for the World Economy
4. Markets connectivity and financial contagion
   Working Papers, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali View citations (2)
5. Scaling Laws in Labor Productivity
   Discussion papers, Research Institute of Economy, Trade and Industry (RIETI)

2011

6. Do firms share the same functional form of their growth rate distribution? A new statistical test
   Papers, arXiv.org View citations (1)
7. Leveraged Network-Based Financial Accelerator
   Working Papers, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali View citations (6)

2010

8. An Analysis of the Japanese Credit Network
   Papers, arXiv.org View citations (7)
9. Business fluctuations in a credit-network economy
   Papers, arXiv.org View citations (11)
   See also Journal Article in Physica A: Statistical Mechanics and its Applications (2006)
10. Economics as a compartmental system: a simple macroeconomic example
    Working Papers, University of Urbino Carlo Bo, Department of Economics, Society & Politics - Scientific Committee - L. Stefanini & G. Travaglini View citations (1)
11. Micro-Macro Relation of Production - The Double Scaling Law for Statistical Physics of Economy -
    Papers, arXiv.org
12. What's that got to do with the price of fish? Buyers behavior on the Ancona fish market
    Working Papers, HAL View citations (1)
    See also Journal Article in Journal of Economic Behavior & Organization (2011)

2009

13. A k-generalized statistical mechanics approach to income analysis
    Papers, arXiv.org View citations (2)
14. Liaisons Dangereuses: Increasing Connectivity, Risk Sharing, and Systemic Risk
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (36)
    See also Journal Article in Journal of Economic Dynamics and Control (2012)

2008

15. A look at the relationship between industrial dynamics and aggregate fluctuations
    Department of Economics Working Papers, Department of Economics, University of Trento, Italia
16. Adaptive microfoundations for emergent macroeconomics
    Department of Economics Working Papers, Department of Economics, University of Trento, Italia View citations (10)
    See also Journal Article in Eastern Economic Journal (2008)
17. Financially Constrained Fluctuations in an Evolving Network Economy
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (3)
18. Modeling Maximum Entropy and Mean-Field Interaction in Macroeconomics
    Economics Discussion Papers, Kiel Institute for the World Economy
19. On the mean/variance relationship of the firm size distribution: evidence and some theory
    Department of Economics Working Papers, Department of Economics, University of Trento, Italia View citations (1)
20. The k-generalized distribution: A new descriptive model for the size distribution of incomes
    Papers, arXiv.org View citations (2)
    See also Journal Article in Physica A: Statistical Mechanics and its Applications (2008)

2007

21. Economic dynamics with financial fragility and mean-field interaction: a model
    Papers, arXiv.org
    See also Journal Article in Physica A: Statistical Mechanics and its Applications (2008)
22. Heterogeneity and Aggregation in a Financial Accelerator Model
    CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance
23. Net Worth, Exchange Rates, and Monetary Policy: The Effects of a Devaluation in a Financially Fragile Environment
    NBER Working Papers, National Bureau of Economic Research, Inc View citations (1)
24. The Asymmetric Effect of Diffusion Processes: Risk Sharing and Contagion
    LABORatorio R. Revelli Working Papers Series, LABORatorio R. Revelli, Centre for Employment Studies View citations (2)
    See also Journal Article in Global Economy Journal (2008)
25. k-Generalized Statistics in Personal Income Distribution
    Papers, arXiv.org View citations (3)
    See also Journal Article in The European Physical Journal B - Condensed Matter and Complex Systems (2007)

2006

26. Growth and Allocation of Resources in Economics: The Agent-Based Approach
    Papers, arXiv.org View citations (3)
    See also Journal Article in Physica A: Statistical Mechanics and its Applications (2006)
27. Pareto's Law of Income Distribution: Evidence for Germany, the United Kingdom, and the United States
    Papers, arXiv.org View citations (5)
    Also in Microeconomics, EconWPA (2005) View citations (6)
28. Reflections on Modern Macroeconomics: Can We Travel Along a Safer Road?
    Papers, arXiv.org View citations (4)
    See also Journal Article in Physica A: Statistical Mechanics and its Applications (2007)
29. The Power-law Tail Exponent of Income Distributions
    Papers, arXiv.org View citations (6)
    See also Journal Article in Physica A: Statistical Mechanics and its Applications (2006)
30. Validating and Calibrating Agent-based Models: a Case Study
    Computing in Economics and Finance 2006, Society for Computational Economics
    See also Journal Article in Computational Economics (2007)

2005

31. Cluster analysis for portfolio optimization
    Papers, arXiv.org
    See also Journal Article in Journal of Economic Dynamics and Control (2008)
32. Environmental analysis for application layer networks
    Bayreuth Reports on Information Systems Management, University of Bayreuth, Chair of Information Systems Management
33. Power Law Tails in the Italian Personal Income Distribution
    Microeconomics, EconWPA View citations (17)
    Also in Papers, arXiv.org (2004) View citations (6)
    See also Journal Article in Physica A: Statistical Mechanics and its Applications (2005)
34. Wavelet variance and correlation analyses of output in G7 countries
    Macroeconomics, EconWPA
35. Weird Ties? Growth, Cycles and Firm Dynamics in an Agent-Based Model with Financial-Market Imperfections
    LEM Papers Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy
    Also in Computing in Economics and Finance 2004, Society for Computational Economics (2004)

2004

36. International evidence on business cycle magnitude dependence
    Papers, arXiv.org View citations (1)
37. Technological Innovation, Financial Fragility and Complex Dynamics
    Discussion Papers, Dipartimento di Scienze Economiche (DSE), University of Pisa, Pisa, Italy View citations (1)
38. The U.S. Phillips-curve by time scale using waveletsMarco
    Computing in Economics and Finance 2004, Society for Computational Economics

2003

39. Complex Dynamics and Financial Fragility in an Agent Based Model
    Computing in Economics and Finance 2003, Society for Computational Economics View citations (2)
    See also Journal Article in Advances in Complex Systems (ACS) (2003)
40. Do Pareto-Zipf and Gibrat laws hold true? An analysis with European Firms
    Papers, arXiv.org View citations (15)
    See also Journal Article in Physica A: Statistical Mechanics and its Applications (2004)

2002

41. Asset Price Dynamics among Heterogeneous Interacting Agents
    Computing in Economics and Finance 2002, Society for Computational Economics
    See also Journal Article in Computational Economics (2003)

2001

42. Asymmetries and Interaction cycles in Financial Markets
    CeNDEF Workshop Papers, January 2001, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance
43. European Business Cycles: 1960-1998
    Working Papers, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali View citations (7)

2000

44. FINANCIAL FRAGILITY, PATTERNS OF FIRMS' ENTRY AND EXIT AND AGGREGATE DYNAMICS
    Computing in Economics and Finance 2000, Society for Computational Economics View citations (9)
    See also Journal Article in Journal of Economic Behavior & Organization (2003)

1999

45. Financial Institutions, Economic Policy, and the Dynamic Behavior of the Economy
    Macroeconomics, EconWPA View citations (12)
    Also in Economics Working Paper Archive, Levy Economics Institute, The (1994) View citations (9)

1994

46. Is Money Neutral? Some Evidence for Italy
    Working papers, Wisconsin Madison - Social Systems
47. Is US Real GNP Chaotic? On Using the BDS Test to Decide Whether an ARMA Model for US GNP Generates I.I.D. Residuals
    Working papers, Wisconsin Madison - Social Systems
48. Is US Real GNP Chaotic? On Using the BDS test to Decide Whether an ARMA Model forthe US GNP Genreates I.I.D. Residuals
    International Finance, EconWPA

1993

49. Technological Innovation and Diffusion, Fluctuations and Growth (I): Modeling Technological Change and Productivity Growth
    Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna
50. Technological Innovation and Diffusion, Fluctuations and Growth (II): Deterministic and Stochastic Laws of Motion
    Working Papers, Dipartimento Scienze Economiche, Universita' di Bologna

1989

51. Divergent Trajectories in Europe: An Analysis of the Recently Developed Countries
    Working Papers, Universita' Politecnica delle Marche (I), Dipartimento di Scienze Economiche e Sociali

Undated

52. Default Cascades: When Does Risk Diversification Increase Stability?
    Working Papers, ETH Zurich, Chair of Systems Design View citations (6)
    See also Journal Article in Journal of Financial Stability (2012)
53. Financial Fragility, Bounded Rationality and Agents Heterogeneity
    Computing in Economics and Finance 1997, Society for Computational Economics
54. Financial fragility and distress propagation in a network of regions
    Working Papers, ETH Zurich, Chair of Systems Design

Journal Articles

2012

1. A Minsky-Kindleberger Perspective on the Financial Crisis
   Journal of Economic Issues, 2012, 46, (2), 449-458
2. A PÓLYA LATTICE MODEL TO STUDY LEVERAGE DYNAMICS AND CONTAGIOUS FINANCIAL FRAGILITY
   Advances in Complex Systems (ACS), 2012, 15, (su), 1250069-1-1250069-26
3. A new model of income distribution: the κ-generalized distribution
   Journal of Economics, 2012, 105, (1), 63-91 View citations (1)
4. Bank–firms topology in Italy
   Empirical Economics, 2012, 43, (2), 851-866
5. Default cascades: When does risk diversification increase stability?
   Journal of Financial Stability, 2012, 8, (3), 138-149
   See also Working Paper
6. Herding effects in order driven markets: The rise and fall of gurus
   Journal of Economic Behavior & Organization, 2012, 81, (1), 82-96
7. Liaisons dangereuses: Increasing connectivity, risk sharing, and systemic risk
   Journal of Economic Dynamics and Control, 2012, 36, (8), 1121-1141 View citations (5)
   See also Working Paper (2009)
8. Lost in transactions: The case of the Boulogne s/mer fish market
   Physica A: Statistical Mechanics and its Applications, 2012, 391, (4), 1400-1407
9. Mobility constraints, productivity trends, and extended crises
   Journal of Economic Behavior & Organization, 2012, 83, (3), 375-393 View citations (2)
10. The Boulogne fish market: the social structure and the role of loyalty
    Applied Economics Letters, 2012, 19, (11), 1075-1079
11. The Empirical Validation of an Agent-based Model
    Eastern Economic Journal, 2012, 38, (4), 525-547

2011

12. Heterogeneous Interacting Agent Models for Understanding Monetary Economies
    Eastern Economic Journal, 2011, 37, (1), 6-12
13. Random digraphs with given expected degree sequences: A model for economic networks
    Journal of Economic Behavior & Organization, 2011, 78, (3), 396-411 View citations (2)
14. THE PERIOD OF FINANCIAL DISTRESS IN SPECULATIVE MARKETS: INTERACTING HETEROGENEOUS AGENTS AND FINANCIAL CONSTRAINTS
    Macroeconomic Dynamics, 2011, 15, (01), 60-79 View citations (4)
15. The US Wage Phillips Curve across Frequencies and over Time
    Oxford Bulletin of Economics and Statistics, 2011, 73, (4), 489-508 View citations (1)
16. What’s that got to do with the price of fish? Buyers behavior on the Ancona fish market
    Journal of Economic Behavior & Organization, 2011, 80, (1), 20-33
    See also Working Paper (2010)

2010

17. A Big Mac test of price dynamics and dispersion across euro area
    Economics Bulletin, 2010, 30, (3), 2037-2053
18. A model of personal income distribution with application to Italian data
    Empirical Economics, 2010, 39, (2), 559-591 View citations (2)
19. Complex agent-based macroeconomics: a manifesto for a new paradigm
    Journal of Economic Interaction and Coordination, 2010, 5, (2), 111-135 View citations (7)
20. Instrumental variables and wavelet decompositions
    Economic Modelling, 2010, 27, (6), 1498-1513
21. The complex behavior of firms' size dynamics
    Journal of Economic Behavior & Organization, 2010, 75, (1), 69-76 View citations (2)
22. The financial accelerator in an evolving credit network
    Journal of Economic Dynamics and Control, 2010, 34, (9), 1627-1650 View citations (14)

2009

23. Business fluctuations and bankruptcy avalanches in an evolving network economy
    Journal of Economic Interaction and Coordination, 2009, 4, (2), 195-212 View citations (11)
24. The US Wage Phillips Curve over Different Time Horizons
    Giornale degli Economisti, 2009, 68, (2), 113-148
25. The role of communication and imitation in limit order markets
    The European Physical Journal B - Condensed Matter and Complex Systems, 2009, 71, (4), 489-497 View citations (3)

2008

26. A MAXENT MODEL FOR MACROSCENARIO ANALYSIS
    Advances in Complex Systems (ACS), 2008, 11, (05), 719-744 View citations (2)
27. Adaptive Microfoundations for Emergent Macroeconomics
    Eastern Economic Journal, 2008, 34, (4), 441-463 View citations (7)
    See also Working Paper (2008)
28. CYCLICAL BEHAVIOR OF PRICES IN THE G7 COUNTRIES THROUGH WAVELET ANALYSIS
    Advances in Complex Systems (ACS), 2008, 11, (01), 119-130 View citations (5)
29. Cluster analysis for portfolio optimization
    Journal of Economic Dynamics and Control, 2008, 32, (1), 235-258 View citations (7)
    See also Working Paper (2005)
30. Economic dynamics with financial fragility and mean-field interaction: A model
    Physica A: Statistical Mechanics and its Applications, 2008, 387, (15), 3852-3861
    See also Working Paper (2007)
31. SCALING LAWS IN THE MACROECONOMY
    Advances in Complex Systems (ACS), 2008, 11, (01), 131-138
32. Social networks and labour productivity in Europe: an empirical investigation
    Journal of Economic Interaction and Coordination, 2008, 3, (1), 43-57
33. The Asymmetric Effect of Diffusion Processes: Risk Sharing and Contagion
    Global Economy Journal, 2008, 8, (3), 2 View citations (6)
    See also Working Paper (2007)
34. The κ-generalized distribution: A new descriptive model for the size distribution of incomes
    Physica A: Statistical Mechanics and its Applications, 2008, 387, (13), 3201-3208
    See also Working Paper (2008)
35. Validation in agent-based models: An investigation on the CATS model
    Journal of Economic Behavior & Organization, 2008, 67, (3-4), 947-964 View citations (3)

2007

36. Credit chains and bankruptcy propagation in production networks
    Journal of Economic Dynamics and Control, 2007, 31, (6), 2061-2084 View citations (12)
37. FINANCIAL FRAGILITY, INDUSTRIAL DYNAMICS, AND BUSINESS FLUCTUATIONS IN AN AGENT-BASED MODEL
    Macroeconomic Dynamics, 2007, 11, (S1), 62-79 View citations (3)
38. Industrial dynamics, fiscal policy and R&D: Evidence from a computational experiment
    Journal of Economic Behavior & Organization, 2007, 64, (3-4), 426-447 View citations (14)
39. Profit Taxation, Economic Growth and Business Fluctuations
    Economia politica, 2007, (3), 427-450
40. Reflections on modern macroeconomics: Can we travel along a safer road?
    Physica A: Statistical Mechanics and its Applications, 2007, 382, (1), 89-97 View citations (3)
    See also Working Paper (2006)
41. Validating and Calibrating Agent-Based Models: A Case Study
    Computational Economics, 2007, 30, (3), 245-264 View citations (7)
    See also Working Paper (2006)
42. Wavelet Variance Analysis of Output in G-7 Countries
    Studies in Nonlinear Dynamics & Econometrics, 2007, 11, (3), 6 View citations (10)
43. κ-generalized statistics in personal income distribution
    The European Physical Journal B - Condensed Matter and Complex Systems, 2007, 57, (2), 187-193 View citations (1)
    See also Working Paper (2007)

2006

44. Aggregation of Heterogeneous Interacting Agents: The Variant Representative Agent Framework
    Journal of Economic Interaction and Coordination, 2006, 1, (1), 5-19 View citations (4)
45. Business fluctuations in a credit-network economy
    Physica A: Statistical Mechanics and its Applications, 2006, 370, (1), 68-74 View citations (9)
    See also Working Paper (2010)
46. Growth and allocation of resources in economics: The agent-based approach
    Physica A: Statistical Mechanics and its Applications, 2006, 370, (1), 86-90 View citations (3)
    See also Working Paper (2006)
47. HERD BEHAVIOR AND NONFUNDAMENTAL ASSET PRICE FLUCTUATIONS IN FINANCIAL MARKETS
    Macroeconomic Dynamics, 2006, 10, (04), 502-528 View citations (4)
48. The complex dynamics of financially constrained heterogeneous firms
    Journal of Economic Behavior & Organization, 2006, 61, (4), 784-803
49. The power-law tail exponent of income distributions
    Physica A: Statistical Mechanics and its Applications, 2006, 370, (1), 49-53 View citations (5)
    See also Working Paper (2006)

2005

50. A new approach to business fluctuations: heterogeneous interacting agents, scaling laws and financial fragility
    Journal of Economic Behavior & Organization, 2005, 56, (4), 489-512 View citations (46)
51. Innovation flow through social networks: productivity distribution in France and Italy
    The European Physical Journal B - Condensed Matter and Complex Systems, 2005, 47, (3), 459-466 View citations (2)
52. International Evidence on Business Cycle Magnitude Dependence: An Analyisis of 16 Industrialized Countries, 1881-2000
    International Journal of Applied Econometrics and Quantitative Studies, 2005, 2, (1), 5-16 View citations (2)
53. On the nature and causes of business fluctuations in Italy, 1861-2000
    Explorations in Economic History, 2005, 42, (1), 81-100 View citations (2)
54. Power law tails in the Italian personal income distribution
    Physica A: Statistical Mechanics and its Applications, 2005, 350, (2), 427-438 View citations (11)
    See also Working Paper (2005)
55. Requiem for the unit root in per capita real GDP? Additional evidence from historical data
    Empirical Economics, 2005, 30, (1), 37-63 View citations (8)
56. THE APPRENTICE WIZARD: MONTETARY POLICY, COMPLEXITY AND LEARNING
    New Mathematics and Natural Computation (NMNC), 2005, 01, (01), 109-128 View citations (5)

2004

57. BUSINESS CYCLE FLUCTUATIONS AND FIRMS' SIZE DISTRIBUTION DYNAMICS
    Advances in Complex Systems (ACS), 2004, 07, (02), 223-240 View citations (5)
58. Bankruptcy as an exit mechanism for systems with a variable number of components
    Physica A: Statistical Mechanics and its Applications, 2004, 344, (1), 8-13 View citations (3)
59. Business Cycle Fluctuations in Mediterranean Countries (1960-2000)
    Emerging Markets Finance and Trade, 2004, 40, (6), 28-47 View citations (1)
60. Do Pareto–Zipf and Gibrat laws hold true? An analysis with European firms
    Physica A: Statistical Mechanics and its Applications, 2004, 335, (1), 197-216
    See also Working Paper (2003)
61. Empirical results on the size distribution of business cycle phases
    Physica A: Statistical Mechanics and its Applications, 2004, 333, (C), 325-334
62. Financial conditions, strategic interaction and complex dynamics: a game-theoretic model of financially driven fluctuations
    Journal of Economic Behavior & Organization, 2004, 53, (2), 145-171 View citations (2)
63. Gibrat and Pareto–Zipf revisited with European firms
    Physica A: Statistical Mechanics and its Applications, 2004, 344, (1), 112-116 View citations (3)
64. Scaling invariant distributions of firms’ exit in OECD countries
    Physica A: Statistical Mechanics and its Applications, 2004, 334, (1), 267-273

2003

65. Asset Price Dynamics among Heterogeneous Interacting Agents
    Computational Economics, 2003, 22, (2), 213-223 View citations (7)
    See also Working Paper (2002)
66. COMPLEX DYNAMICS AND FINANCIAL FRAGILITY IN AN AGENT-BASED MODEL
    Advances in Complex Systems (ACS), 2003, 06, (03), 267-282 View citations (4)
    See also Working Paper (2003)
67. Financial fragility, patterns of firms' entry and exit and aggregate dynamics
    Journal of Economic Behavior & Organization, 2003, 51, (1), 79-97 View citations (15)
    See also Working Paper (2000)
68. Informational Interaction in Coordination Games: Experimental Evidence
    Rivista Internazionale di Scienze Sociali, 2003, 111, (4), 533-551
69. On the size distribution of firms: additional evidence from the G7 countries
    Physica A: Statistical Mechanics and its Applications, 2003, 324, (1), 117-123 View citations (32)
70. Power laws and macroeconomic fluctuations
    Physica A: Statistical Mechanics and its Applications, 2003, 324, (1), 408-416 View citations (1)

1999

71. Financial fragility, heterogeneous agents, and aggregate fluctuations: evidence from a panel of US firms
    Applied Financial Economics, 1999, 9, (1), 87-99 View citations (1)
72. The Dynamic Relation between Financial Positions and Investment: Evidence from Company Account Data
    Industrial and Corporate Change, 1999, 8, (3), 551-72 View citations (7)

1998

73. Nonlinear Dynamics and European GNP Data
    Studies in Nonlinear Dynamics & Econometrics, 1998, 3, (1), 3 View citations (1)

1997

74. Financial Constraints, Aggregate Supply, and the Monetary Transmission Mechanism
    The Manchester School of Economic & Social Studies, 1997, 65, (2), 101-26 View citations (1)

1996

75. An Annual Chain Index of Italy's "Real" Product, 1861-1989
    Review of Income and Wealth, 1996, 42, (2), 207-24
76. Financial Market Imperfections and Irregular Growth Cycles
    Scottish Journal of Political Economy, 1996, 43, (2), 146-58 View citations (1)

1995

77. Investment confidence, corporate debt and income fluctuations: A reply to Franke
    Journal of Economic Behavior & Organization, 1995, 27, (2), 325-328
78. Nonlinearities in business cycle: SETAR models and G7 industrial production data
    Applied Economics Letters, 1995, 2, (11), 422-427 View citations (1)

1994

79. Composition effect and economic fluctuations
    Economics Letters, 1994, 44, (1-2), 123-126

1993

80. Investment confidence, corporate debt and income fluctuations
    Journal of Economic Behavior & Organization, 1993, 22, (2), 161-187 View citations (8)

1992

81. Alfred Marshall on Speculation
    History of Political Economy, 1992, 24, (3), 571-594