Growing Inequality, Financial Fragility, and Macroeconomic Dynamics: An Agent Based Model

被引：4

作者：

Russo, Alberto ^{[1
]}

Riccetti, Luca ^{[2
]}

Gallegati, Mauro ^{[1
]}

机构：

[1] Univ Politecn Marche, Ancona, Italy

[2] Univ Roma La Sapienza, Rome, Italy

来源：

ADVANCES IN SOCIAL SIMULATION | 2014年 / 229卷

关键词：

agent-based macroeconomics; business cycle; crisis; consumption; inequality; CREDIT; RISK;

D O I：

10.1007/978-3-642-39829-2_15

中图分类号：

TP18 [人工智能理论];

学科分类号：

081104 ; 0812 ; 0835 ; 1405 ;

摘要：

Our aim is to analyse the interplay between growing inequality and financial fragility in a complex macroeconomic system. In order to do this, we propose a macroeconomic microfounded framework with heterogeneous agents in which households, firms, and banks interact according to decentralised matching processes. The main result is that growing inequality leads to more macroeconomic volatility, increasing the likelihood of observing large unemployment crises.

引用

页码：167 / 176

页数：10

共 14 条

[1] UNINSURED IDIOSYNCRATIC RISK AND AGGREGATE SAVING [J].