Modeling Aggregate Behavior and Fluctuations in Economics

Auteur: Aoki, Masanao (University of California, Los Angeles)
Editeur: Cambridge University Press
How do a large but finite number of agents interact, and, consequently, what macroeconomic statistical regularities or patterns may evolve? The book examines situations (e.g. fluctuations about equilibria, multiple equilibria and asymmetrical cycles of models) which are caused by model states stochastically moving from one basis of attraction to another.

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How do a large but finite number of agents interact, and, consequently, what macroeconomic statistical regularities or patterns may evolve? The book examines situations (e.g. fluctuations about equilibria, multiple equilibria and asymmetrical cycles of models) which are caused by model states stochastically moving from one basis of attraction to another.
ISBN / EAN 9780521606196
Auteur Aoki, Masanao (University of California, Los Angeles)
Editeur Cambridge University Press