Elements of dynamic economic modeling: presentation and analysis

Leigh Tesfatsion ()

ISU General Staff Papers from Iowa State University, Department of Economics

Abstract: The primary goal of these introductory notes is to promote the clear presentation and rigorous analysis of dynamic economic models, whether expressed in equation or agent-based form. A secondary goal is to promote the use of state-space modeling with its respect for historical process, for cause leading to effect without top-down imposition of global constraints. If economic modelers truly wish to respect the rationality of decision-makers, they should have the courage of their convictions; they should not be doing for their modeled decision-makers what in reality these decision-makers must do for themselves.

Date: 2016-02-22
New Economics Papers: this item is included in nep-env
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Citations: View citations in EconPapers (6)

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Related works:
Journal Article: Elements of Dynamic Economic Modeling: Presentation and Analysis (2017)
Working Paper: Elements of Dynamic Economic Modeling: Presentation and Analysis (2016)
Working Paper: Elements of Dynamic Economic Modeling: Presentation and Analysis (2014)
Working Paper: Elements of Dynamic Economic Modeling: Presentation and Analysis (2014)
Working Paper: Elements of Dynamic Economic Modeling: Presentation and Analysis (2014)
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