Combining Soft Computing and Statistical Methods in Data Analysis

Volume 77 of the series Advances in Intelligent and Soft Computing pp 603-610

Balance Sheet Approach to Agent-Based Computational Economics: The EURACE Project

  • Andrea TeglioAffiliated withDepartament d’Economia, Universitat Jaume I, Castellón de la Plana
  • , Marco RabertoAffiliated withSchool of Science and Engineering, Reykjavik University
  • , Silvano CincottiAffiliated withDIBE-CINEF, Università di Genova

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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.


Agent-based computational economics Balance sheet approach EURACE project