Complexity Hints for Economic Policy

Complexity Hints for Economic Policy

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Oct 30, 2014 · Inglês · Brochura (336 páginas)
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Detalhes do Livro

Formato Brochura
Páginas 336
Idioma Inglês
Publicado Oct 30, 2014
Editora Springer
ISBN-10 8847056004
ISBN-13 9788847056008

Descrição

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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