Agent-based modelling (ABM) has emerged as a pivotal tool in macroeconomics and economic policy analysis. By simulating the interactions of numerous heterogeneous agents — such as households, firms, ...

The leaders of the world are flying the economy by the seat of their pants, say J. Doyne Farmer and Duncan Foley. There is, however, a better way to help guide financial policies. In today's high-tech ...

Vol. 99, No. 10, Supplement 3: Arthur M. Sackler Colloquium of the National Academy of Sciences. Sackler Colloquium on Adaptive Agents, Intelligence, and Emergent Human Organization: Capturing ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation A thorough analysis of risks in the banking system requires incorporating banks’ inherent heterogeneity and adaptive ...

In this paper we introduce agent-based modeling for research on decentralized autonomous organizations and decentralized finance (DeFi). As an illustration, we employ agent-based modeling to ...