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Herbert Dawid (Universität Bielefeld)
Agent-Based Modelling and Policy Analysis Using the Eurace@Unibi Model
Vortragsreihe "WIFO-Extern", 24.9.2019 10:30
Veranstalter: Österreichisches Institut für Wirtschaftsforschung
Online seit: 11.09.2019 0:00
After a brief general discussion of the agent-based approach for macroeconomic modelling I introduce the Eurace@Unibi model as an example of an agent-based macroeconomic model suitable for policy analysis. The ability of the model to reproduce empirical stylised facts on different levels of aggregation is reviewed and its potential as a tool for policy analysis is illustrated considering the implications of different types of cohesion policy measures and the effect of decentralisation of wage setting on growth and inequality.
Forschungsbereich:Makroökonomie und europäische Wirtschaftspolitik