Recommended readings (Machine generated): 1.Joseph A. Schumpeter (1947),'The Creative Response in Economic History', Journal of Economic History, 7 (2), November, 149-59[11] -- 2.Simon A. Herbert (1962), 'The Architecture of Complexity', Proceedings of the American Philosophical Society, 106...

The representation of the economic system, from a complexity perspective, focuses on interactions among heterogeneous agents in conditions of uncertainty. Heterogeneity entails asymmetric reactions to shocks and, through interaction mechanisms and feedback loops at micro, macro and meso level,...

This paper studies how the interplay between technological shocks and financial variables shapes the properties of macroeconomic dynamics. Most of the existing literature has based the analysis of aggregate macroeconomic regularities on the representative agent hypothesis (RAH). However, recent...

In this paper the authors focus on credit connections as a potential source of systemic risk. In particular, they seek to answer the following question: how do we find densely connected subsets of nodes within a credit network? The question is relevant for policy, since these subsets are likely...