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The Agent†Based Approach To Post Keynesian Macro†Modeling

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  • Corrado Di Guilmi

Abstract

The paper presents a survey of Post Keynesian (PK) agent†based (AB) models and AB models with PK features. It is argued that AB modeling is fully consistent with the PK approach and that the cross†fertilization can benefit both areas of research. The survey focuses on how the various models have faced the issues implied by adopting a bottom–up approach in a traditionally aggregative structure and highlights the additional insights coming from this modeling strategy. Particular attention is devoted to stock†flow consistent AB models for theivvr potential in defining a new benchmark for this type of research.

Suggested Citation

  • Corrado Di Guilmi, 2017. "The Agent†Based Approach To Post Keynesian Macro†Modeling," Journal of Economic Surveys, Wiley Blackwell, vol. 31(5), pages 1183-1203, December.
    • Handle: RePEc:bla:jecsur:v:31:y:2017:i:5:p:1183-1203
    DOI: 10.1111/joes.12244
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    5. Deborah Noguera & Gabriel Montes-Rojas, 2022. "Credit-constrained fluctuations and uncertainty in a network economy," Ensayos Económicos, Central Bank of Argentina, Economic Research Department, vol. 1(80), pages 5-52, November.

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