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The monetary approach a la Schumpeter: an application to multi-agent modeling
- Source :
- Revista de Economía Institucional, Vol 22, Iss 42 (2019)
- Publication Year :
- 2019
- Publisher :
- Universidad Externado de Colombia, 2019.
-
Abstract
- Este trabajo es una reflexión sobre la construcción de modelos multi-agentes únicamente a partir de fenómenos monetarios, conforme al enfoque monetario à la Schumpeter en su forma ideal. Se elaboran principios generales para formalizar una población de agentes que interactúan en forma descentralizada, utilizando solamente fenómenos monetarios; y después se implementan estos principios. El modelo resultante es un sistema dinámico no determinístico, cuyas simulaciones numéricas reproducen hechos estilizados en macroeconomía. El modelo se puede extender para ampliar su poder descriptivo y usarlo para diversas investigaciones económicas. This paper is a discussion of the creation of agent-based models from the exclusive perspective of monetary phenomena. These correspond to Schumpeter’s monetary analysis in its ideal version. A set of general principles formalizes a population of agents interacting in a decentralized way on the sole basis of monetary phenomena. We make use of these principles, and the subsequent agent-based model is a dynamic, non-deterministic system, whose numerical simulations are able to mimic stylized facts in macroeconomics. Further extensions of the model make possible the expansion its descriptive power, and its use in economic research.
- Subjects :
- Economic research
education.field_of_study
Stylized fact
Computational economics
monetary analysis
agent-based models
Schumpeter
complex systems
Ideal (set theory)
Population
economía computacional
enfoque monetario
modelos multi-agentes
sistemas complejos
lcsh:Economic theory. Demography
lcsh:Economic history and conditions
lcsh:HB1-3840
Economics
lcsh:HC10-1085
education
General Economics, Econometrics and Finance
Mathematical economics
economia computacional
abordagem monetária
modelos multi-agente
sistemas complexos
Subjects
Details
- Language :
- English
- ISSN :
- 23462450 and 01245996
- Volume :
- 22
- Issue :
- 42
- Database :
- OpenAIRE
- Journal :
- Revista de Economía Institucional
- Accession number :
- edsair.doi.dedup.....b7621141d86ea9014791474fd6a28c3f