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Jasmina Arifovic ()

Macroeconomic Dynamics, 2000, vol. 4, issue 3, 373-414

Abstract: This paper provides a survey of the applications of evolutionary algorithms in macroeconomic models. Discussion is organized around the issues related to stability of equilibria, equilibrium selection, transitional dynamics, and the long-run evolutionary dynamics different from rational-expectations equilibrium outcomes. The survey also discusses criteria that can be used to evaluate the performance and usefulness of evolutionary algorithms in the macroeconomic context.

Date: 2000
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Handle: RePEc:cup:macdyn:v:4:y:2000:i:03:p:373-414_01