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Macroeconomic fluctuations and heterogeneous agents

In: Beyond the Representative Agent

Author

Listed:
  • Gian Italo Bischi
  • Domenico Delli Gatti
  • Mauro Gallegati

Abstract

This challenging book extends standard economic theory to take into account the presence of heterogeneity among economic agents. It argues for an approach to economic analysis which regards the economy as an interactive system with heterogeneous agents and not simply a system which treats aggregates as some ‘representative’ individual.

Suggested Citation

  • Gian Italo Bischi & Domenico Delli Gatti & Mauro Gallegati, 1999. "Macroeconomic fluctuations and heterogeneous agents," Chapters, in: Mauro Gallegati & Alan Kirman (ed.), Beyond the Representative Agent, chapter 8, pages 215-232, Edward Elgar Publishing.
    • Handle: RePEc:elg:eechap:1375_8
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    Keywords

    Economics and Finance;

    Statistics

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