Showing 1 - 10 of 98
This article surveys computational approaches to classical-Marxian economics. These approaches include a range of techniques - such as numerical simulations, agent-based models, and Monte Carlo methods - and cover many areas within the classical-Marxian tradition. We focus on three major themes...
Persistent link: https://www.econbiz.de/10012295695
The global energy crisis that began in fall 2021 and the following spike in energy price constitute a major challenge for the world economy which risks undermining the post-COVID-19 recovery. In this paper, we develop and validate a new macroeconomic agent-based model with an endogenous energy...
Persistent link: https://www.econbiz.de/10012990154
This paper evaluates the macroeconomic and financial risks of the energy transition using an extended MATRIX model, a multi-agent, multi-sector integrated assessment framework for the Euro Area. The model features endogenous, directed technical change in the energy sector and a decentralized...
Persistent link: https://www.econbiz.de/10015133768
We develop a macroeconomic agent-based model to study the role of demand and supply factors in determining inflation dynamics. Local interactions of heterogeneous firms and households in the labor and goods markets characterize the model. Asymmetric information implies that firm selection is...
Persistent link: https://www.econbiz.de/10015329910
Soaring energy prices since fall 2021 have prompted European governments to introduce policy measures to support households and businesses. In this paper, we employ the MATRIX model, a multi-sector and multi-agent macroeconomic model calibrated on the Euro Area, to analyze the economic and...
Persistent link: https://www.econbiz.de/10013383241
Worldwide, with different frequencies and magnitudes, coastlines are increasingly being affected by climate change hazards. The high urbanization rate, due to economic opportunities and natural amenities, further exacerbates vulnerabilities in these areas, requiring prompt and effective...
Persistent link: https://www.econbiz.de/10013332204
Green preferences are often regarded as crucial factors in facilitating the energy transition. However, it is unclear if they can alone propel an economy towards achieving a net-zero emissions outcome. In this study, we expand the multi-agent integrated assessment model MATRIX by incorporating...
Persistent link: https://www.econbiz.de/10014478938
This paper explores the potential impacts of climate change and mitigation policies on the Euro Area, considering the uncertainty and heterogeneity in both climate and economic systems. Using the MATRIX model, a multi-sector and multi-agent macroeconomic model, we simulate various climate...
Persistent link: https://www.econbiz.de/10014282775
We consider the issue of Block Bootstrap methods in processes that exhibit strong dependence. The main difficulty is to transform the series in such way that implementation of these techniques can provide an accurate approximation to the true distribution of the test statistic under...
Persistent link: https://www.econbiz.de/10009157629
Promoting social information reporting and disclosure can promote sustainable banking. The paper aims to measure banking social sustainability by constructing a new interval-based composite indicator using the Thomson Reuters database. In this work, we propose an approach to constructing...
Persistent link: https://www.econbiz.de/10014304098