microfoundations' approach assumes this property of micro-level interactions more strongly conditions macro-level outcomes compared to … 'mechanical' nature. So rather than taking an 'explicit microfoundations' approach, in which individuals are represented as 'white … examine a parsimonious, agent-based macroeconomic model with implicit microfoundations. It generates many of the reported …

We show how time-dependent macroeconomic response follows from microeconomic dynamics using linear response theory and … a time-correlation formalism. This theory provides a straightforward approach to time-dependent macroeconomic model …

microfoundations" approach considers this property of micro-level interactions to more strongly determine macro-level outcomes compared … "mechanical" nature. So rather than taking an "explicit microfoundations" approach, in which individuals are represented as "white … examine a parsimonious, agent-based macroeconomic model with implicit microfoundations. It generates many of the reported …

We show how time-dependent macroeconomic response follows from microeconomic dynamics using linear response theory and … a time-correlation formalism. This theory provides a straightforward approach to time-dependent macroeconomic model …