Elements of Dynamic Economic Modeling: Presentation and Analysis

Leigh Tesfatsion ()

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: The primary goal of these introductory notes is to promote the clear presentation and rigorous analysis of dynamic economic models, whether expressed in equation or agent-based form. A secondary goal is to promote the use of state-space modeling with its respect for historical process, for cause leading to effect without top-down imposition of global constraints. If economic modelers truly wish to respect the rationality of decision-makers, they should have the courage of their convictions; they should not be doing for their modeled decision-makers what in reality these decision-makers must do for themselves.

Keywords: Dynamic economic modeling; state-space model; presentation; analysis (search for similar items in EconPapers)
JEL-codes: B4 C6 (search for similar items in EconPapers)
Date: 2014-02-18
New Economics Papers: this item is included in nep-hme
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http://www2.econ.iastate.edu/papers/p17305-2014-02-18_0.pdf (application/pdf)
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Related works:
Journal Article: Elements of Dynamic Economic Modeling: Presentation and Analysis (2017)
Working Paper: Elements of Dynamic Economic Modeling: Presentation and Analysis (2016)
Working Paper: Elements of dynamic economic modeling: presentation and analysis (2016)
Working Paper: Elements of Dynamic Economic Modeling: Presentation and Analysis (2014)
Working Paper: Elements of Dynamic Economic Modeling: Presentation and Analysis (2014)
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Persistent link: https://EconPapers.repec.org/RePEc:isu:genres:37305

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