Details about Domenico Delli Gatti
Access statistics for papers by Domenico Delli Gatti.
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Short-id: pde349
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Working Papers
2024
- Endogenous vs Exogenous Instability: An Out-of-Sample Comparison
CESifo Working Paper Series, CESifo 
Also in Working Papers - Economics, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa (2024)
- Implications of Behavioral Rules in Agent-Based Macroeconomics
CESifo Working Paper Series, CESifo
- Industrial Policy in Times of Market Power
CESifo Working Paper Series, CESifo
- Simulating the Economic Impact of Rationality through Reinforcement Learning and Agent-Based Modelling
Papers, arXiv.org View citations (1)
- The complex interplay between exchange rate and real markets: an agent-based model exploration
LEM Papers Series, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy
- The interplay between real and exchange rate market: an agent-based model approach
Working Papers - Economics, Universita' degli Studi di Firenze, Dipartimento di Scienze per l'Economia e l'Impresa
2023
- Mind the Knowledge Gap! The Origins of Declining Business Dynamism in a Macro Agent-Based Model
CESifo Working Paper Series, CESifo View citations (2)
- Reinforcement Learning for Combining Search Methods in the Calibration of Economic ABMs
Papers, arXiv.org
2022
- Behavioural Credit Cycles
CESifo Working Paper Series, CESifo View citations (1)
Also in DISCE - Working Papers del Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE) (2022)
- The Impact of Growth on the Transmission of Patience
CESifo Working Paper Series, CESifo View citations (5)
2021
- Breaking Bad: Supply Chain Disruptions in a Streamlined Agent Based Model
CESifo Working Paper Series, CESifo 
See also Journal Article Breaking bad: supply chain disruptions in a streamlined agent-based model, The European Journal of Finance, Taylor & Francis Journals (2022) View citations (1) (2022)
- The Leverage Self-Delusion: Perceived Wealth and Cognitive Sophistication
TSE Working Papers, Toulouse School of Economics (TSE) View citations (3)
2020
- ABC: An Agent Based Exploration of the Macroeconomic Effects of Covid-19
CESifo Working Paper Series, CESifo View citations (10)
2019
- Perceived Wealth, Cognitive Sophistication and Behavioral Inattention
CESifo Working Paper Series, CESifo View citations (3)
Also in IMFS Working Paper Series, Goethe University Frankfurt, Institute for Monetary and Financial Stability (IMFS) (2019) View citations (3)
- Rising to the Challenge: Bayesian Estimation and Forecasting Techniques for Macroeconomic Agent-Based Models
CESifo Working Paper Series, CESifo View citations (4)
See also Journal Article Rising to the challenge: Bayesian estimation and forecasting techniques for macroeconomic Agent Based Models, Journal of Economic Behavior & Organization, Elsevier (2020) View citations (23) (2020)
2017
- Policy experiments in an agent-based model with credit networks
Economics Discussion Papers, Kiel Institute for the World Economy (IfW Kiel) View citations (2)
See also Journal Article Policy experiments in an agent-based model with credit networks, Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), Kiel Institute for the World Economy (IfW Kiel) (2018) View citations (5) (2018)
2016
- Bank networks: contagion, systemic risk and prudential policy
BIS Working Papers, Bank for International Settlements View citations (4)
Also in SAFE Working Paper Series, Leibniz Institute for Financial Research SAFE (2015) View citations (35) DISCE - Working Papers del Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE) (2015) View citations (36) CEPR Discussion Papers, C.E.P.R. Discussion Papers (2015) View citations (36) CESifo Working Paper Series, CESifo (2015) View citations (35)
See also Journal Article Bank networks: Contagion, systemic risk and prudential policy, Journal of Economic Behavior & Organization, Elsevier (2017) View citations (45) (2017)
- Heterogeneous Firms and International Trade: The Role of Productivity and Financial Fragility
CESifo Working Paper Series, CESifo View citations (27)
Also in DISCE - Working Papers del Dipartimento di Economia e Finanza, Università Cattolica del Sacro Cuore, Dipartimenti e Istituti di Scienze Economiche (DISCE) (2016) View citations (26)
2014
- Emergent Dynamics of a Macroeconomic Agent Based Model with Capital and Credit
CESifo Working Paper Series, CESifo 
See also Journal Article Emergent dynamics of a macroeconomic agent based model with capital and credit, Journal of Economic Dynamics and Control, Elsevier (2015) View citations (154) (2015)
2013
- Intertemporal Greenwald-Stiglitz
CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance
2012
- E Pluribus Unum: Macroeconomic Modelling for Multi-agent Economies
CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (2)
Also in GREDEG Working Papers, Groupe de REcherche en Droit, Economie, Gestion (GREDEG CNRS), Université Côte d'Azur, France (2012) View citations (2)
See also Journal Article E Pluribus Unum: Macroeconomic modelling for multi-agent economies, Journal of Economic Dynamics and Control, Elsevier (2013) View citations (23) (2013)
2011
- Was Bernanke Right? Targeting Asset Prices may not be a Good Idea after all
CESifo Working Paper Series, CESifo View citations (1)
See also Chapter Was Bernanke Right? Targeting Asset Prices Maynotbe a Good Idea After All, International Symposia in Economic Theory and Econometrics, Emerald Group Publishing Limited (2015) View citations (1) (2015)
2010
- Business fluctuations in a credit-network economy
Papers, arXiv.org View citations (20)
See also Journal Article Business fluctuations in a credit-network economy, Physica A: Statistical Mechanics and its Applications, Elsevier (2006) View citations (38) (2006)
2009
- Asset Prices and Monetary Policy: A New View of the Cost Channel
CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (2)
- Borrowing Constraints and Complex Dynamics in an OLG Framework
Post-Print, HAL 
See also Journal Article Borrowing constraints and complex dynamics in an OLG framework, Journal of Economic Behavior & Organization, Elsevier (2009) View citations (1) (2009)
- Liaisons Dangereuses: Increasing Connectivity, Risk Sharing, and Systemic Risk
NBER Working Papers, National Bureau of Economic Research, Inc View citations (83)
See also Journal Article Liaisons dangereuses: Increasing connectivity, risk sharing, and systemic risk, Journal of Economic Dynamics and Control, Elsevier (2012) View citations (401) (2012)
2008
- A look at the relationship between industrial dynamics and aggregate fluctuations
Department of Economics Working Papers, Department of Economics, University of Trento, Italia View citations (1)
- Adaptive microfoundations for emergent macroeconomics
Department of Economics Working Papers, Department of Economics, University of Trento, Italia View citations (83)
See also Journal Article Adaptive Microfoundations for Emergent Macroeconomics, Eastern Economic Journal, Palgrave Macmillan (2008) View citations (82) (2008)
- Financially Constrained Fluctuations in an Evolving Network Economy
NBER Working Papers, National Bureau of Economic Research, Inc View citations (8)
2007
- "Credit Cycle" in an OLG Economy with Money and Bequest
CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance 
Also in Computing in Economics and Finance 2006, Society for Computational Economics (2006) Money Macro and Finance (MMF) Research Group Conference 2006, Money Macro and Finance Research Group (2007)
- Heterogeneity and Aggregation in a Financial Accelerator Model
CeNDEF Working Papers, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance View citations (3)
- 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 (7)
2006
- Reflections on Modern Macroeconomics: Can We Travel Along a Safer Road?
Papers, arXiv.org View citations (8)
See also Journal Article Reflections on modern macroeconomics: Can we travel along a safer road?, Physica A: Statistical Mechanics and its Applications, Elsevier (2007) View citations (12) (2007)
- The Non-Superneutrality of Money and its Distributional Effects when Agents are Heterogeneous and Capital Markets are Imperfect
Working Papers, University of Milano-Bicocca, Department of Economics View citations (3)
2005
- 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
- Technological Innovation, Financial Fragility and Complex Dynamics
Discussion Papers, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy View citations (7)
See also Chapter Technological innovation, financial fragility and complex dynamics, Chapters, Edward Elgar Publishing (2006) (2006)
2002
- Monetary Policy and the Distribution of Wealth in a OLG Economy with Heterogeneous Agents, Money and Bequests
Working Papers, University of Milano-Bicocca, Department of Economics View citations (1)
2001
- Asymmetries and Interaction cycles in Financial Markets
CeNDEF Workshop Papers, January 2001, Universiteit van Amsterdam, Center for Nonlinear Dynamics in Economics and Finance
2000
- FINANCIAL FRAGILITY, PATTERNS OF FIRMS' ENTRY AND EXIT AND AGGREGATE DYNAMICS
Computing in Economics and Finance 2000, Society for Computational Economics View citations (15)
See also Journal Article Financial fragility, patterns of firms' entry and exit and aggregate dynamics, Journal of Economic Behavior & Organization, Elsevier (2003) View citations (30) (2003)
1999
- Financial Institutions, Economic Policy, and the Dynamic Behavior of the Economy
Macroeconomics, University Library of Munich, Germany View citations (16)
Also in Economics Working Paper Archive, Levy Economics Institute (1994) View citations (26)
Undated
- Default Cascades: When Does Risk Diversification Increase Stability?
Working Papers, ETH Zurich, Chair of Systems Design View citations (156)
See also Journal Article Default cascades: When does risk diversification increase stability?, Journal of Financial Stability, Elsevier (2012) View citations (159) (2012)
- Financial Fragility, Bounded Rationality and Agents Heterogeneity
Computing in Economics and Finance 1997, Society for Computational Economics
Journal Articles
2025
- Adaptive agents may be smarter than you think: unbiasedness in adaptive expectations
Macroeconomic Dynamics, 2025, 29, -
2024
- Introduction to the special issue on two editions of the workshop on economic science with heterogeneous interacting agents, $$24.5{\text {th}}$$ 24.5 th Milan, 2021 (wehia 2021) $$25{\text {th}}$$ 25 th Catania, 2022 (wehia 2022)
Journal of Economic Interaction and Coordination, 2024, 19, (4), 579-585
- Market power, technical progress and financial fragility
Journal of Economic Behavior & Organization, 2024, 217, (C), 435-452
2023
- V for vaccines and variants
Journal of Evolutionary Economics, 2023, 33, (4), 991-1046
2022
- Agent-Based Covid economics (ABC): Assessing non-pharmaceutical interventions and macro-stabilization policies
(Optimal Targeted Lockdowns in a Multi-Group SIR Model)
Industrial and Corporate Change, 2022, 31, (2), 410-447 View citations (10)
- Breaking bad: supply chain disruptions in a streamlined agent-based model
The European Journal of Finance, 2022, 28, (13-15), 1446-1473 View citations (1)
See also Working Paper Breaking Bad: Supply Chain Disruptions in a Streamlined Agent Based Model, CESifo Working Paper Series (2021) (2021)
2020
- Rising to the challenge: Bayesian estimation and forecasting techniques for macroeconomic Agent Based Models
Journal of Economic Behavior & Organization, 2020, 178, (C), 875-902 View citations (23)
See also Working Paper Rising to the Challenge: Bayesian Estimation and Forecasting Techniques for Macroeconomic Agent-Based Models, CESifo Working Paper Series (2019) View citations (4) (2019)
2019
- The financial transmission of shocks in a simple hybrid macroeconomic agent based model
Journal of Evolutionary Economics, 2019, 29, (1), 265-297 View citations (3)
2018
- Does fiscal policy matter? Tax, transfer, and spend in a macro ABM with capital and credit
Industrial and Corporate Change, 2018, 27, (6), 1069-1090 View citations (10)
- Macrofinancial imbalances in historical perspective: A global crisis index
Journal of Economic Dynamics and Control, 2018, 91, (C), 190-205 View citations (3)
- Policy experiments in an agent-based model with credit networks
Economics - The Open-Access, Open-Assessment E-Journal (2007-2020), 2018, 12, 1-17 View citations (5)
See also Working Paper Policy experiments in an agent-based model with credit networks, Economics Discussion Papers (2017) View citations (2) (2017)
2017
- Bank networks: Contagion, systemic risk and prudential policy
Journal of Economic Behavior & Organization, 2017, 142, (C), 164-188 View citations (45)
See also Working Paper Bank networks: contagion, systemic risk and prudential policy, BIS Working Papers (2016) View citations (4) (2016)
- The Crisis of Economic Theory and the Complexity View: A Note
Italian Economic Journal: A Continuation of Rivista Italiana degli Economisti and Giornale degli Economisti, 2017, 3, (3), 419-422
2015
- Emergent dynamics of a macroeconomic agent based model with capital and credit
Journal of Economic Dynamics and Control, 2015, 50, (C), 5-28 View citations (154)
See also Working Paper Emergent Dynamics of a Macroeconomic Agent Based Model with Capital and Credit, CESifo Working Paper Series (2014) (2014)
- Monetary policy experiments in an agent-based model with financial frictions
Journal of Economic Interaction and Coordination, 2015, 10, (2), 265-286 View citations (41)
2013
- E Pluribus Unum: Macroeconomic modelling for multi-agent economies
Journal of Economic Dynamics and Control, 2013, 37, (8), 1659-1682 View citations (23)
See also Working Paper E Pluribus Unum: Macroeconomic Modelling for Multi-agent Economies, CeNDEF Working Papers (2012) View citations (2) (2012)
2012
- Comments on the paper. "Macroeconomic Policy in DSGE and Agent-Based Models" by G. Fagiolo and A. Roventini
Revue de l'OFCE, 2012, N° 124, (5), 15a-17a
- Default cascades: When does risk diversification increase stability?
Journal of Financial Stability, 2012, 8, (3), 138-149 View citations (159)
See also Working Paper Default Cascades: When Does Risk Diversification Increase Stability?, Working Papers View citations (156)
- Liaisons dangereuses: Increasing connectivity, risk sharing, and systemic risk
Journal of Economic Dynamics and Control, 2012, 36, (8), 1121-1141 View citations (401)
See also Working Paper Liaisons Dangereuses: Increasing Connectivity, Risk Sharing, and Systemic Risk, NBER Working Papers (2009) View citations (83) (2009)
- Mobility constraints, productivity trends, and extended crises
Journal of Economic Behavior & Organization, 2012, 83, (3), 375-393 View citations (49)
- Reconstructing Aggregate Dynamics in Heterogeneous Agents Models. A Markovian Approach
Revue de l'OFCE, 2012, N° 124, (5), 117-146 View citations (5)
- Reply to Comments
Revue de l'OFCE, 2012, N° 124, (5), 25a-31a
2010
- The financial accelerator in an evolving credit network
Journal of Economic Dynamics and Control, 2010, 34, (9), 1627-1650 View citations (258)
2009
- Borrowing constraints and complex dynamics in an OLG framework
Journal of Economic Behavior & Organization, 2009, 72, (2), 656-669 View citations (1)
See also Working Paper Borrowing Constraints and Complex Dynamics in an OLG Framework, Post-Print (2009) (2009)
- Business fluctuations and bankruptcy avalanches in an evolving network economy
Journal of Economic Interaction and Coordination, 2009, 4, (2), 195-212 View citations (58)
2008
- Adaptive Microfoundations for Emergent Macroeconomics
Eastern Economic Journal, 2008, 34, (4), 441-463 View citations (82)
See also Working Paper Adaptive microfoundations for emergent macroeconomics, Department of Economics Working Papers (2008) View citations (83) (2008)
- SCALING LAWS IN THE MACROECONOMY
Advances in Complex Systems (ACS), 2008, 11, (01), 131-138 View citations (1)
2007
- Credit chains and bankruptcy propagation in production networks
Journal of Economic Dynamics and Control, 2007, 31, (6), 2061-2084 View citations (174)
- FINANCIAL FRAGILITY, INDUSTRIAL DYNAMICS, AND BUSINESS FLUCTUATIONS IN AN AGENT-BASED MODEL
Macroeconomic Dynamics, 2007, 11, (S1), 62-79 View citations (22)
- 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 (12)
See also Working Paper Reflections on Modern Macroeconomics: Can We Travel Along a Safer Road?, Papers (2006) View citations (8) (2006)
2006
- Aggregation of Heterogeneous Interacting Agents: The Variant Representative Agent Framework
Journal of Economic Interaction and Coordination, 2006, 1, (1), 5-19 View citations (18)
- Business fluctuations in a credit-network economy
Physica A: Statistical Mechanics and its Applications, 2006, 370, (1), 68-74 View citations (38)
See also Working Paper Business fluctuations in a credit-network economy, Papers (2010) View citations (20) (2010)
- The complex dynamics of financially constrained heterogeneous firms
Journal of Economic Behavior & Organization, 2006, 61, (4), 784-803 View citations (3)
2005
- 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 (296)
- On the nature and causes of business fluctuations in Italy, 1861-2000
Explorations in Economic History, 2005, 42, (1), 81-100 View citations (3)
- THE APPRENTICE WIZARD: MONTETARY POLICY, COMPLEXITY AND LEARNING
New Mathematics and Natural Computation (NMNC), 2005, 01, (01), 109-128 View citations (1)
2004
- BUSINESS CYCLE FLUCTUATIONS AND FIRMS' SIZE DISTRIBUTION DYNAMICS
Advances in Complex Systems (ACS), 2004, 07, (02), 223-240 View citations (2)
See also Chapter BUSINESS CYCLE FLUCTUATIONS AND FIRMS’ SIZE DISTRIBUTION DYNAMICS, World Scientific Book Chapters, 2004, 199-221 (2004) View citations (2) (2004)
- 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 (7)
- 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)
2003
- Financial fragility, patterns of firms' entry and exit and aggregate dynamics
Journal of Economic Behavior & Organization, 2003, 51, (1), 79-97 View citations (30)
See also Working Paper FINANCIAL FRAGILITY, PATTERNS OF FIRMS' ENTRY AND EXIT AND AGGREGATE DYNAMICS, Computing in Economics and Finance 2000 (2000) View citations (15) (2000)
2001
- Effective Demand and Coordination Failures
Journal of Post Keynesian Economics, 2001, 23, (3), 411-440
1999
- 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)
1998
- Nonlinear Dynamics and European GNP Data
Studies in Nonlinear Dynamics & Econometrics, 1998, 3, (1), 19 View citations (1)
1997
- At the Root of the Financial Instability Hypothesis: “Induced Investment and Business Cycles”
Journal of Economic Issues, 1997, 31, (2), 527-534 View citations (6)
- Financial Constraints, Aggregate Supply, and the Monetary Transmission Mechanism
The Manchester School of Economic & Social Studies, 1997, 65, (2), 101-26 View citations (3)
1996
- Financial Market Imperfections and Irregular Growth Cycles
Scottish Journal of Political Economy, 1996, 43, (2), 146-58 View citations (6)
1995
- Investment confidence, corporate debt and income fluctuations: A reply to Franke
Journal of Economic Behavior & Organization, 1995, 27, (2), 325-328
1993
- Investment confidence, corporate debt and income fluctuations
Journal of Economic Behavior & Organization, 1993, 22, (2), 161-187 View citations (26)
1990
- Financial Instability, Income Distribution, and the Stock Market
Journal of Post Keynesian Economics, 1990, 12, (3), 356-374 View citations (21)
Edited books
2018
- Agent-Based Models in Economics
Cambridge Books, Cambridge University Press View citations (14)
- Agent-Based Models in Economics
Cambridge Books, Cambridge University Press View citations (12)
Chapters
2015
- Was Bernanke Right? Targeting Asset Prices Maynotbe a Good Idea After All
A chapter in Monetary Policy in the Context of the Financial Crisis: New Challenges and Lessons, 2015, vol. 24, pp 451-496 View citations (1)
See also Working Paper Was Bernanke Right? Targeting Asset Prices may not be a Good Idea after all, CESifo (2011) View citations (1) (2011)
2010
- Financial Instability and Agents’ Heterogenity: A Post Minskyan Research Agenda
Chapter 10 in The Elgar Companion to Hyman Minsky, 2010 View citations (4)
2006
- Complex Dynamics, Financial Fragility and Stylized Facts
Springer View citations (1)
- Technological innovation, financial fragility and complex dynamics
Chapter 13 in Economic Growth and Distribution, 2006, pp 311-330 
See also Working Paper Technological Innovation, Financial Fragility and Complex Dynamics, Dipartimento di Economia e Management (DEM), University of Pisa, Pisa, Italy (2004) View citations (7) (2004)
2005
- Structure and Macroeconomic Performance: Heterogeneous Firms and Financial Fragility
Springer
2004
- BUSINESS CYCLE FLUCTUATIONS AND FIRMS’ SIZE DISTRIBUTION DYNAMICS
Chapter 10 in Industry And Labor Dynamics The Agent-Based Computational Economics Approach, 2004, pp 199-221 View citations (2)
See also Journal Article BUSINESS CYCLE FLUCTUATIONS AND FIRMS' SIZE DISTRIBUTION DYNAMICS, World Scientific Publishing Co. Pte. Ltd. (2004) View citations (2) (2004)
- Interaction in Aggregate Demand for Investment and Regime Switching
A chapter in Economic Complexity, 2004, pp 237-257
2001
- Financial instability revisited: aggregate fluctuations due to changing financial conditions of heterogeneous firms
Chapter 8 in Financial Fragility and Investment in the Capitalist Economy, 2001
1999
- Agents' heterogeneity and coordination failure: an experiment
Chapter 6 in Beyond the Representative Agent, 1999, pp 163-180
- Agents' heterogeneity, financial fragility, and learning
Chapter 12 in Beyond the Representative Agent, 1999, pp 323-338
- Firms' size and monetary policy: some New Keynesian reflections
Chapter 5 in Beyond the Representative Agent, 1999, pp 141-162
- Macroeconomic fluctuations and heterogeneous agents
Chapter 8 in Beyond the Representative Agent, 1999, pp 215-232
- Nominal Shocks, Net Worth and Economic Activity: A New Keynesian View of the Monetary Transmission Mechanism
Chapter 6 in Financial Constraints and Market Failures, 1999, pp 207-236
- The New Keynesian Economics: A Survey
Chapter 1 in Financial Constraints and Market Failures, 1999, pp 1-80
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