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Debunking the granular origins of aggregate fluctuations: From real business cycles back to Keynes
Dosi, Giovanni; Napoletano, Mauro; Roventini, Andrea; … - 2018
evidence of a "demand granularity", based on investment growth shocks instead. The role of demand in explaining aggregate …
Persistent link: https://www.econbiz.de/10012060635
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Debunking the granular origins of aggregate fluctuations : from real business cycles back to Keynes
Dosi, Giovanni; Napoletano, Mauro; Roventini, Andrea; … - 2018
evidence of a "demand granularity", based on investment growth shocks instead. The role of demand in explaining aggregate …
Persistent link: https://www.econbiz.de/10011873811
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Animal spirits, lumpy investment and endogenous business cycles
Dosi, Giovanni; Fagiolo, Giorgio; Roventini, Andrea - 2006
literature on investment patterns, we assume that the investment decisions by firms are lumpy and constrained by their financial …-economic dynamics. Indeed, we find that investment is more volatile than GDP; consumption is less volatile than GDP; investment …
Persistent link: https://www.econbiz.de/10010328657
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Animal spirits, lumpy investment and endogenous business cycles
Dosi, Giovanni (contributor); Fagiolo, Giorgio (contributor) - 2007 - June 2006
literature on investment patterns, we assume that the investment decisions by firms are lumpy and constrained by their financial …-economic dynamics. Indeed, we find that investment is more volatile than GDP; consumption is less volatile than GDP; investment …-shaped. -- Evolutionary Dynamics ; Agent-Based Computational Economics ; Animal Spirits ; Lumpy Investment ; Output Fluctuations ; Endogenous …
Persistent link: https://www.econbiz.de/10003209272
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Fiscal and monetary policies in complex evolving economies
Napoletano, Mauro; Roventini, Andrea; Dosi, Giovanni; … - Department of Economics, Sciences économiques - 2014
In this paper we explore the effects of alternative combinations of fiscal and monetary policies under different income distribution regimes. In particular, we aim at evaluating fiscal rules in economies subject to banking crises and deep recessions. We do so using an agent-based model populated...
Persistent link: https://www.econbiz.de/10010758040
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Rock around the Clock: An Agent-Based Model of Low- and High-Frequency Trading
Napoletano, Mauro; Roventini, Andrea; Fagiolo, Giorgio; … - Groupe de REcherche en Droit, Économie, Gestion … - 2014
We build an agent-based model to study how the interplay between low- and high- frequency trading affects asset price dynamics. Our main goal is to investigate whether high-frequency trading exacerbates market volatility and generates flash crashes. In the model, low-frequency agents adopt...
Persistent link: https://www.econbiz.de/10010860424
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Rock around the Clock: An Agent-Based Model of Low- and High-Frequency Trading
Leal, Sandrine Jacob; Napoletano, Mauro; Roventini, Andrea - Dipartimento di Scienze Economiche, Facoltà di Economia - 2014
We build an agent-based model to study how the interplay between low- and high-frequency trading affects asset price dynamics. Our main goal is to investigate whether high-frequency trading exacerbates market volatility and generates flash crashes. In the model, low-frequency agents adopt...
Persistent link: https://www.econbiz.de/10010739170
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Fiscal and Monetary Policies in Complex Evolving Economies
Dosi, Giovanni; Fagiolo, Giorgio; Napoletano, Mauro; … - Dipartimento di Scienze Economiche, Facoltà di Economia - 2014
In this paper we explore the effects of alternative combinations of fiscal and monetary policies under different income distribution regimes. In particular, we aim at evaluating fiscal rules in economies subject to banking crises and deep recessions. We do so using an agent-based model populated...
Persistent link: https://www.econbiz.de/10010747025
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Fiscal and monetary policies in complex evolving economies
Dosi, Giovanni; Fagiolo, Giorgio; Napoletano, Mauro; … - Centre de recherche en Économie (OFCE), Sciences … - 2014
In this paper we explore the effects of alternative combinations of fiscal and monetary poli- cies under different income distribution regimes. In particular, we aim at evaluating fis- cal rules in economies subject to banking crises and deep recessions. We do so using an agent-based model...
Persistent link: https://www.econbiz.de/10010747042
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Fiscal and Monetary Policies in Complex Evolving Economies
Dosi, Giovanni; Fagiolo, Giorgio; Napoletano, Mauro; … - Groupe de REcherche en Droit, Économie, Gestion … - 2014
In this paper we explore the effects of alternative combinations of fiscal and monetary policies under different income distribution regimes. In particular, we aim at evaluating fiscal rules in economies subject to banking crises and deep recessions. We do so using an agent-based model populated...
Persistent link: https://www.econbiz.de/10011085537