Complexity Hints for Economic Policy

Complexity Hints for Economic Policy

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Oct 30, 2014 · Inglese · Brossura (336 pagine)
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Dettagli del libro

Formato Brossura
Pagine 336
Lingua Inglese
Pubblicato Oct 30, 2014
Editore Springer
ISBN-10 8847056004
ISBN-13 9788847056008

Descrizione

This book considers the benefits of complexity, suggesting that economists should become a bit less certain in their policy conclusions. A broader range of models would include agent-based models, which use computational power to deal with specification of models that are far beyond analytic solution; and non-linear dynamic stochastic models, many of which are beyond analytic solution, but whose nature can be discovered by a combination of analytics and computer simulations.

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