The System Dynamics National Model: Macrobehavior from Microstructure
The System Dynamics National Model was undertaken to show how local policies governing decentralized decisions in an economy create observed overall economic behavior. I feel we have succeeded well beyond our original expectations. The model, endogenously, without any external driving time series, generates the major observed modes of economic behavior:
the economic long wave
KeywordsInterest Rate Business Cycle Economic Behavior Production Sector Market Clearing
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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© Springer-Verlag Berlin Heidelberg 1989