Balance Sheet Approach to Agent-Based Computational Economics: The EURACE Project
- Cite this paper as:
- Teglio A., Raberto M., Cincotti S. (2010) Balance Sheet Approach to Agent-Based Computational Economics: The EURACE Project. In: Borgelt C. et al. (eds) Combining Soft Computing and Statistical Methods in Data Analysis. Advances in Intelligent and Soft Computing, vol 77. Springer, Berlin, Heidelberg
Handling carefully monetary and real flows, given by agents’ behaviors and interactions, is a key requirement when dealing with complex economic models populated by a high number of agents. The paper shows how the stock-flows consistency issue has been faced in the EURACE model, by considering a dynamic balance sheet approach for modeling and validation purposes.
KeywordsAgent-based computational economics Balance sheet approach EURACE project
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