Network analysis and calibration of the “leveraged network-based financial accelerator”

Leonardo Bargigli (), Mauro Gallegati, Luca Riccetti and Alberto Russo

Journal of Economic Behavior & Organization, 2014, vol. 99, issue C, 109-125

Abstract: In this paper we analyze the network structure that endogenously emerges in the credit market of the agent-based model of Riccetti et al. (2011), where two kinds of financial accelerators are at work: the “leverage accelerator” and the “network-based accelerator”. We focus on the properties of network topology and its interplay with the overall economic performance. Moreover, we empirically calibrate the banking network in the model by using Japanese real data.

Keywords: Network; Bankruptcy cascades; Calibration; Leverage (search for similar items in EconPapers)
JEL-codes: C63 D85 E32 (search for similar items in EconPapers)
Date: 2014
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (15)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jeborg:v:99:y:2014:i:c:p:109-125

DOI: 10.1016/j.jebo.2013.12.018

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