Evolutionary Algorithms In Macroeconomic Models
AbstractThis paper provides a survey of the applications of evolutionary algorithms in macroeconomic models. Discussion is organized aroundthe issues related to stability of equilibria, equilibriumselection, transitional dynamics, and the long-run evolutionarydynamics different from rational-expectations equilibrium outcomes. The survey also discusses criteria that can be used to evaluatethe performance and usefulness of evolutionary algorithms in the macroeconomiccontext.
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Bibliographic InfoArticle provided by Cambridge University Press in its journal Macroeconomic Dynamics.
Volume (Year): 4 (2000)
Issue (Month): 03 (September)
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