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Agent Based Models for Economic Policy Advice - Sonderausgabe von Heft 2+3/Bd. 228 Jahrbucher fur Nationaloekonomie und Statistik (Hardcover)
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Agent Based Models for Economic Policy Advice - Sonderausgabe von Heft 2+3/Bd. 228 Jahrbucher fur Nationaloekonomie und Statistik (Hardcover)
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This special issue of the Journal of Economics and Statistics is
devoted to the use of agent-based models for economic policy
advice. It presents a collection of research papers in different
fields of applications. Special emphasis is laid on discussing the
potential and possible limitations of agent-based models for
economic policy advice. The editorial provides an overview on the
role of agent-based modeling in economic policy referring also to
the papers presented. Furthermore, it highlights the strength of
the approach, i.e., the explicit microfoundation and the modeling
of heterogenous agents. Finally, we also report on current
limitations of the method with regard to economic policy advice and
point at some areas deserving further research.
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