Axel Leijonhufvud’s ways to Macroeconomic Agent-Based Models

Muriel Dal-Pont Legrand () and Matthieu Renault ()
Additional contact information
Muriel Dal-Pont Legrand: CNRS - Centre National de la Recherche Scientifique, GREDEG - Groupe de Recherche en Droit, Economie et Gestion - UNS - Université Nice Sophia Antipolis (1965 - 2019) - CNRS - Centre National de la Recherche Scientifique - UniCA - Université Côte d'Azur, UniCA - Université Côte d'Azur
Matthieu Renault: UP1 UFR02 - Université Paris 1 Panthéon-Sorbonne - École d'économie de la Sorbonne - UP1 - Université Paris 1 Panthéon-Sorbonne
Authors registered in the RePEc Author Service: Muriel DAL PONT LEGRAND

Post-Print from HAL

Abstract: Macroeconomic Agent-based Models (MABM) have flourished in Macro since the 2008 crisis. They stand as an alternative to the shortcomings of the DSGE models in many regards. In particular, they are based on alternative microfoundations. The opposition MABM/DSGE reopens thus the search for ‘sound' microfoundations, which was raging in Macro during the 1970s and 1980s. In this paper, we argue that MABM is a late offspring of this early discussion. They came to embody an alternative microfoundational program, whose historical origins and theoretical foundations can be traced through Axel Leijonhufvud's long and tortuous intellectual path in Macro.

Keywords: AXEL LEIJONHUFVUD; COMPLEXITY; AGENTS BASED MODELS; MACROECONOMICS; MICROFOUNDATIONS (search for similar items in EconPapers)
Date: 2024-06-20
References: Add references at CitEc
Citations:

Published in The 20th International Conference of the Charles Gide Association., VELARDO TRISTAN, Jun 2024, Bordeaux, France

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

Related works:
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:hal:journl:halshs-04832305

Access Statistics for this paper

More papers in Post-Print from HAL
Bibliographic data for series maintained by CCSD ().