Agent-Based Models: Understanding the Economy from the Bottom Up
Bank of England
December 16, 2016
Bank of England Quarterly Bulletin 2016 Q4
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
Date posted: January 16, 2017