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The visible hand : synergetic microfoundation of macroeconomic dynamics

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Micro and Macro Uncertainty

Schaab, Andreas - 2022

Uncertainty rises sharply during economic downturns at both the micro and macro level. Leveraging a new solution method, I study the interaction between micro and macro uncertainty in a globally solved Heterogeneous Agent New Keynesian (HANK) model with aggregate risk, counter-cyclical...

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Reconstruction of Macroeconomics: Methods of Statistical Physics, and Keynes' Principle of Effective Demand

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Introduction -- Why Are Standard Micro-foundations Wrong? -- Statistical Physics and Macroeconomics -- Stochastic Macro … unique synthesis of statistical physics and macro-economic theory in order to confront the dismal failure in economics and in …

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Konjunktur und Wachstum als Gegenstand der Wirtschaftstheorie : eine modelltheoretische und methodologische Beurteilung moderner makroökonomischer Erklärungsansätze aus evolutionsökonomischer Sicht

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Aggregation and the microfoundations of dynamic macroeconomics

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Makroökonomik aus institutionenökonomischer Sicht

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Implicit Microfoundations for Macroeconomics

Wright, Ian P. - 2011

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 …

Persistent link: https://www.econbiz.de/10013132114