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Agent-based models: understanding the economy from the bottom up

agent-based modelling
macroeconomics
modelling

Turrell, Arthur. “Agent-based models: understanding the economy from the bottom up” In Quarterly Bulletin, Q4. Bank of England, 2016.

Figure from paper
Author
Affiliation

Arthur Turrell

Bank of England

Published

December 2016

Abstract

This article considers the strengths of agent-based modelling, which explains the behaviour of a system by simulating the behaviour of each individual ‘agent’ in it, and the ways that it can be used to help central banks understand the economy.

Citation

@incollection{turrell_qb_2016,
  title={Agent-based models: understanding the economy from the bottom up},
  author={Turrell, Arthur},
  booktitle={Quarterly Bulletin},
  pages={Q4},
  year={2016},
  publisher={Bank of England}
}