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Wealth-driven Selection in a Financial Market with Heterogeneous Agents
International audience -
Building an agent-based model of a monetary production economy : a complex dy...
We present here a computational, macroeconomic model with decentralized markets. The modeled economy is always out of equilibrium. It is composed of two principal sets... -
Jamel, a Java Agent-based MacroEconomic Laboratory
This paper presents a computational macroeconomic model which closely associates Keynesian thinking and an agent-based approach. This model is original because we do... -
The Contribution of Housing to the Dynamics of Inequalities
This paper proposes a unified framework for the analysis of inequalities. In contrast to the former literature on inequalities, housing is included as a major... -
Multiple equilibria in a monopoly market with heterogeneous agents and extern...
International audience -
The Inefficient Markets Hypothesis: Why Financial Markets Do Not Work Well in...
Existing literature continues to be unable to offer a convincing explanation for the volatility of the stochastic discount factor in real world data. Our work provides... -
Public Spending as a Source of Endogenous Business Cycles in a Ramsey Model w...
We introduce public spending, financed through income taxation, in the Ramsey model with heterogeneous agents. Public spending as a source of welfare generates more... -
Multi-country real business cycle models: Accuracy tests and test bench
International audience -
Modeling and implementation of an artificial electricity market using agent-b...
International audience -
On Existence and Bubbles of Ramsey Equilibrium with Borrowing Constraints
We study the existence of equilibrium and rational bubbles in a Ramsey model with heterogeneous agents, borrowing constraints and endogenous labor. Applying a... -
Child Labor, Idiosyncratic Shocks, and Social Policy
In this paper, we provide a dynamic model with heterogeneous agents to study child labor in an economy with idiosyncratic shocks to employment. Households facing...
