Abstract

https://ssrn.com/abstract=2898740
 


 



Agent-Based Models: Understanding the Economy from the Bottom Up


Arthur Turrell


Bank of England

December 16, 2016

Bank of England Quarterly Bulletin 2016 Q4

Abstract:     
This article considers the strengths of agent-based modelling, which explains the behaviour of a system by simulating the behaviour of each individual ‘agent’ in it, and the ways that it can be used to help central banks understand the economy.

Number of Pages in PDF File: 16


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Date posted: January 16, 2017  

Suggested Citation

Turrell, Arthur, Agent-Based Models: Understanding the Economy from the Bottom Up (December 16, 2016). Bank of England Quarterly Bulletin 2016 Q4. Available at SSRN: https://ssrn.com/abstract=2898740

Contact Information

Arthur Turrell (Contact Author)
Bank of England ( email )
Threadneedle Street
London, EC2R 8AH
United Kingdom
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