TY  - GEN
AB  - This document provides a description of the modeling assumptions and economic features
of the Eurace@Unibi model. Furthermore, the document shows typical patterns of
the output generated by this model and compares it to empirically observable stylized facts.
The Eurace@Unibi model provides a representation of a closed macroeconomic model with
spatial structure. The main objective is to provide a micro-founded macroeconomic model
that can be used as a unified framework for policy analysis in different economic policy areas
and for the examination of generic macroeconomic research questions. In spite of this general
agenda the model has been constructed with certain specific research questions in mind and
therefore certain parts of the model, e.g. the mechanisms driving technological change, have
been worked out in more detail than others.
The purpose of this document is to give an overview over the model itself and its features
rather than discussing how insights into particular economic issues can be obtained using the
Eurace@Unibi model. The model has been designed as a framework for economic analysis in
various domains of economics. A number of economic issues have been examined using (prior
versions of) the model (see Dawid et al. (2008), Dawid et al. (2009), Dawid et al. (2011a),
Dawid and Harting (2011), van der Hoog and Deissenberg (2011), Cincotti et al. (2010))
and recent extensions of the model have substantially extended its applicability in various
economic policy domains, however results of such policy analyses will be reported elsewhere.
Whereas the overall modeling approach, the different modeling choices and the economic
rationale behind these choices is discussed in some detail in this document, no detailed
description of the implementation is given. Such a detailed documentation is provided in the
accompanying document Dawid et al. (2011b).
DA  - 2012
DO  - 10.4119/unibi/2622068
KW  - agent-based modelling
KW  - Eurace@Unibi model
KW  - ETACE_Agent_Based_Modelling
LA  - eng
PY  - 2012
SN  - 2196-2723
SP  - 62-
TI  - The Eurace@Unibi Model: An Agent-Based Macroeconomic Model for Economic Policy Analysis
UR  - https://nbn-resolving.org/urn:nbn:de:0070-pub-26220684
Y2  - 2024-11-22T06:22:40
ER  -