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- W182174514 abstract "This document provides a description of the modeling assumptions and economic featuresof the Eurace@Unibi model. Furthermore, the document shows typical patterns ofthe output generated by this model and compares it to empirically observable stylized facts.The Eurace@Unibi model provides a representation of a closed macroeconomic model withspatial structure. The main objective is to provide a micro-founded macroeconomic modelthat can be used as a unified framework for policy analysis in different economic policy areasand for the examination of generic macroeconomic research questions. In spite of this generalagenda the model has been constructed with certain specific research questions in mind andtherefore certain parts of the model, e.g. the mechanisms driving technological change, havebeen worked out in more detail than others.The purpose of this document is to give an overview over the model itself and its featuresrather than discussing how insights into particular economic issues can be obtained using theEurace@Unibi model. The model has been designed as a framework for economic analysis invarious domains of economics. A number of economic issues have been examined using (priorversions of) the model (see Dawid et al. (2008), Dawid et al. (2009), Dawid et al. (2011a),Dawid and Harting (2011), van der Hoog and Deissenberg (2011), Cincotti et al. (2010))and recent extensions of the model have substantially extended its applicability in variouseconomic policy domains, however results of such policy analyses will be reported elsewhere.Whereas the overall modeling approach, the different modeling choices and the economicrationale behind these choices is discussed in some detail in this document, no detaileddescription of the implementation is given. Such a detailed documentation is provided in theaccompanying document Dawid et al. (2011b)." @default.
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- W182174514 date "2012-01-01" @default.
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- W182174514 title "The Eurace@Unibi Model: An Agent-Based Macroeconomic Model for Economic Policy Analysis" @default.
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