Showing 1 - 3 of 3
instability models and assess their out-of-sample forecasting accuracy. We compare a benchmark linear random walk model, which …
Persistent link: https://www.econbiz.de/10014521225
features of observed data and of forecasting oneperiod ahead output-gap and investment with a remarkable degree of accuracy. …
Persistent link: https://www.econbiz.de/10012119860
In this paper we examine the role of the design of behavioral rules in agent-based macroeconomic modeling. Based on clear theoretical foundations, we develop a general representation of the behavioral rules governing price and quantity decisions of firms and show how rules used in four main...
Persistent link: https://www.econbiz.de/10015077846