Listar por autoría "54aac7eb-dce5-43c0-b740-11d559fb22a9"
Mostrando ítems 1-12 de 12
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An Agent-based Stock-flow Consistent Model of the Sustainable Transition in the Energy Sector
Ponta, Linda; Raberto, Marco; Teglio, Andrea; Cincotti, Silvano Elsevier (2018-03)In this paper, we investigate the effects on the economy of a feed-in tariff policy mechanism aimed to foster investments in renewable energy production capacity. To this purpose, we employ an enriched version of the ... -
Credit money and macroeconomic instability in the agent-based model and simulator Eurace
Cincotti, Silvano; Raberto, Marco; Teglio, Andrea Kiel Institute for the World Economy (2010-09-24)This paper investigates the interplay between monetary aggregates and the dynamics and variability of output and prices by considering both the money supplied by commercial banks as credit to firms and the fiat money created ... -
Debt, deleveraging and business cycles: An agent-based perspective
Raberto, Marco; Teglio, Andrea; Cincotti, Silvano Dennis J. Snower (2012)The recent financial crises pointed out the central role of public and private debt in modern economies. However, even if debt is a recurring topic in discussions about the current economic situation, economic modeling ... -
Do capital requirements affect long-run output trends?
Teglio, Andrea; Raberto, Marco; Cincotti, Silvano Springer-Verlag (2011)The macroeconomic implications of capital requirement for banks have drawn remarkable attention after the financial crisis started in 2007. In particular, a considerable effort has been devoted by the scientific community ... -
Endogenous credit dynamics as source of business cycles in the EURACE model
Teglio, Andrea; Raberto, Marco; Cincotti, Silvano Springer Verlag (2010)The paper investigates the relationship between the amount of credit money in the economy and the variability of output and prices in the EURACE model. First we examine if the decision about dividends payment by the firms ... -
From financial instability to green finance: the role of banking and credit market regulation in the Eurace model
Raberto, Marco; Ozel, Bulent; Ponta, Linda; Teglio, Andrea; Cincotti, Silvano Springer (2019-03)We investigate appropriate banking and regulatory policies aimed at pushing the banking sector to shift from speculative lending, the cause of asset bubbles and economic crises, to green investments lending, so as to foster ... -
Housing Market Bubbles and Business Cycles in an Agent-Based Credit Economy
Erlingsson, Einar Jón; Cincotti, Silvano; Stefánsson, Hlynur; Sturluson, Jon Thor; Teglio, Andrea; Raberto, Marco Dennis J. Snower (2013)In this paper the authors present an agent-based model of a credit network economy. The artificial economy includes different economic agents that interact using simple behavioral rules through various markets, i.e., the ... -
Large-Scale Modeling of Economic Systems
Holcombe, Mike; Coakley, Simon; Kiran, Mariam; Chin, Shawn; Greenough, Chris; Worth, David; Cincotti, Silvano; Raberto, Marco; Teglio, Andrea; Deissenberg, Christophe; Van der Hoog, Sander; Dawid, Herbert; Gemkow, Simon; Harting, Philipp; Neugart, Michael Complex Systems Publications (2013)Following the events of the credit crunch and the onset of a global reces- sion, alternative ways of modeling modern economies and mechanisms for carrying out policy analysis are now an urgent priority. Traditional ... -
Macroprudential policies in an agent-based artificial economy
Raberto, Marco; Teglio, Andrea; Cincotti, Silvano OFCE (Observatoire français des conjonctures économiques) (2012-10)Basel III is a recently-agreed regulatory standard for bank capital adequacy with focus on the macroprudential dimension of banking regulation, i.e., the system- wide implications of banks’ lending and risk. An important ... -
Should I stay or should I go? An agent-based setup for a trading and monetary union
Petrovic, Marko; Ozel, Bulent; Teglio, Andrea; Raberto, Marco; Cincotti, Silvano Elsevier (2020-02-21)The recent history of the European Union (EU) suggests the importance of studying the conditions under which two or more countries can benefit from becoming part of a union. Of course, this depends both on the economic ... -
Systemic financial risk indicators and securitised assets: an agent-based framework
Mazzocchetti, Andrea; Lauretta, Eliana; Raberto, Marco; Teglio, Andrea; Cincotti, Silvano Springer (2019-09-04)The paper presents an agent-based model of a credit economy which includes a securitisation process and a bailout mechanism for bank bankruptcies. Within this framework, banks are able to sell mortgages to a financial ... -
The impact of banks’ capital adequacy regulation on the economic system: an agent-based
Teglio, Andrea; Raberto, Marco; Cincotti, Silvano World Scientific (2012-09)Since the start of the financial crisis in 2007, the debate on the proper level leverage of financial institutions has been flourishing. The paper addresses such crucial issue within the Eurace artificial economy, by ...