Households' Behaviors and Systemic Financial Instability Experimental Insights and Agent-based Simulations for Macroeconomic Policy Analyses

摘要

In the last two years my research has focused on macroeconomic financial fragility. In particular, on how to bring different methodologies together to study endogenous generated crises. Economics profession is currently engaged in a debate on which are the best methodological tools in order to study the dynamics of the real economy and adequately address important policy issues and social concerns. My research endorse the view according to which traditional economic theories and the models they give rise to (namely, the DSGE models) are ill-equipped to manage serious crises which often emerge in real world economies. In my research project I am trying to address these issues by developing an "experimentally" microfounded Agent-based model (ABM), which will account also for the consistency of stocks and flows.