An Agent Based Macroeconomic Model with Social Classes and Endogenous Crises
Italian Economic Journal, ISSN: 2199-3238, Vol: 3, Issue: 3, Page: 285-306
2017
- 5Citations
- 23Captures
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Example: if you select the 1-year option for an article published in 2019 and a metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019. If you select the 3-year option for the same article published in 2019 and the metric category shows 90%, that means that the article or review is performing better than 90% of the other articles/reviews published in that journal in 2019, 2018 and 2017.
Citation Benchmarking is provided by Scopus and SciVal and is different from the metrics context provided by PlumX Metrics.
Article Description
This paper proposes an agent based macroeconomic model in which income distribution and wealth accumulation depend on the role that agents play in productive activities, that is capitalists or workers. In this framework, social class dynamics underlie the endogenous process of firm formation. The focus is on the interplay between the evolution of social structure and macroeconomic dynamics and on how business cycles and crises may endogenously emerge as the result of the interaction between financial and real factors underlying the process of capitalist production.
Bibliographic Details
http://www.scopus.com/inward/record.url?partnerID=HzOxMe3b&scp=85031111526&origin=inward; http://dx.doi.org/10.1007/s40797-017-0060-4; http://link.springer.com/10.1007/s40797-017-0060-4; http://link.springer.com/content/pdf/10.1007/s40797-017-0060-4.pdf; http://link.springer.com/article/10.1007/s40797-017-0060-4/fulltext.html; https://dx.doi.org/10.1007/s40797-017-0060-4; https://link.springer.com/article/10.1007/s40797-017-0060-4
Springer Science and Business Media LLC
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