Tedeschi, Gabriele; Gallegati, Mauro; GRILLI, Ruggero - Dipartimento di Scienze Economiche e Sociali, Facoltà … - 2012
In this paper we investigate the sources of instability in credit and financial systems and the effect of credit linkages on the macroeconomic activity. By developing an agent-based model, we analyze the evolving dynamics of the economy as a complex, adaptive and interactive system, which allows...