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- W2360709506 abstract "In this paper,we developed an agent-based simulation system of macroeconomical process which based on ABS modeling tools and led sequential innovation theory into this model.Then it was used to simulate economic crisis and do a preliminary research into the reasons of economic crisis.Besides we tried to dig out the way of eliminating crisis by comparing different monetary policies in simulation.The results show that there will be a thriving market and a rapid growth of social output in case of an excessively loose monetary policy been adopted by government.However,loose policy will bring serious inflation which is a critical reason of the generation of financial crisis or even economic crisis.When economic crisis begins,the government should take an appropriate monetary policy to refresh the employment and innovation,and improve the technology.And next step would be stabilizing currency which aims at preventing the market from shocking inflation." @default.
- W2360709506 created "2016-06-24" @default.
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- W2360709506 date "2011-01-01" @default.
- W2360709506 modified "2023-09-23" @default.
- W2360709506 title "Agent-Based Simulation on Economic Crisis" @default.
- W2360709506 hasPublicationYear "2011" @default.
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