Some Reflections on Financial Instability in Macro Agent-Based Models: Genealogy and Objectives

Muriel Dal Pont Legrand

A chapter in Financial Markets in Perspective, 2022, pp 207-226 from Springer

Abstract: Abstract The paper aims to investigate how the macro agent-based literature, which has developed intensively since 2000, analyzes the issue of financial instability. Within this new paradigm, attention is focused on two research communities engaged in researching this question: the Keynes and Schumpeter (K&S) research program at the Santa Anna School in Pisa and the Computational AdapTive System (CATs) research program being developed at the Università Cattolica del Sacro Cuore in Milan. The paper examines their common analytical foundations and draws link to anterior research programs such as those instigated by Hyman Minsky, Axel Leijonhufvud, and more recently Joseph Stiglitz. The paper identifies differences in their respective modeling strategies and examines how these elements led to follow somewhat different objectives.

Date: 2022
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Working Paper: Some Reflections on Financial Instability in Macro Agents-Based Models. Genealogy and objectives (2022)
Working Paper: Some Reflections on Financial Instability in Macro Agents-Based Models. Genealogy and Objectives (2021)
Working Paper: Some Reflections on Financial Instability in Macro Agents-Based Models. Genealogy and objectives (2021)
Working Paper: Some Reflections on Financial Instability in Macro Agents-Based Models. Genealogy and objectives 1 (2021)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:spr:spshcp:978-3-030-86753-9_12

Ordering information: This item can be ordered from
http://www.springer.com/9783030867539

DOI: 10.1007/978-3-030-86753-9_12

Access Statistics for this chapter

More chapters in Springer Studies in the History of Economic Thought from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().