Listar por autoría "d62c0b91-ca72-4082-86bc-532edade2726"

Mostrando ítems 1-19 de 19

    • closedAccess   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 ...

    • openAccess   Base analítica y guía de utilización de los programas de ordenador «basicis-lm» e «islm-oada» 

      Albert Ortiz, José Miguel; Alfarano, Simone; Teglio, Andrea Universitat Jaume I (2012)

    • openAccess   Centralizing information improves market efficiency more than increasing information: Results from experimental asset markets 

      Barreda-Tarrazona, Iván; Grimalda, Gianluca; MORONE, ANDREA; Nuzzo, Simone; Teglio, Andrea (2017-09-07)
      We study the relationship between market efficiency and the distribution of private information in experimental financial asset markets. Traders receive imperfect signals over the real value of an asset. Agents can share ...

    • openAccess   Credit allocation and the financial crisis: evidence from Spanish companies 

      Petrovic, Marko; Teglio, Andrea; Alfarano, Simone Springer (2022-08-18)
      The worldwide financial crisis of 2007–2008 raised serious concerns about the soundness of banks’ activities and about the extent to which banking regulation should supervise banks’ investment decisions. We contribute to ...

    • openAccess   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 ...

    • closedAccess   Daily happiness and stock returns: Some international evidence 

      Zhang, Wei; Li, Xiao; Shen, Dehua; Teglio, Andrea Elsevier (2016-10-15)
      In this paper, we examine the relations between the daily happiness sentiment extracted from Twitter and the stock market performance in 11 international stock markets. By partitioning this happiness sentiment into quintiles ...

    • openAccess   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 ...

    • closedAccess   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 ...

    • openAccess   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 ...

    • closedAccess   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 ...

    • openAccess   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 ...

    • closedAccess   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 ...

    • closedAccess   Macroeconomic implications of mortgage loan requirements: an agent-based approach 

      Ozel, Bulent; Nathanael, Reynold Christian; Raberto, Marco; Teglio, Andrea Springer (2019-03)
      It is a well-known fact that the housing market, with its associated mortgage securities, plays a crucial role in modern economies. The recent crisis of 2007, triggered by the U.S. real estate bubble, confirms this key ...

    • openAccess   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 ...

    • closedAccess   R2 and idiosyncratic volatility: Which captures the firm-specific return variation? 

      Zhang, Wei; Li, Xiao; Shen, Dehua; Teglio, Andrea Elsevier (2016)
      A growing literature regards R2 and idiosyncratic volatility as interchangeable proxies for firm-specific return variation and examines its relations to information efficiency. However, the question on choosing the ...

    • closedAccess   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 ...

    • openAccess   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 ...

    • closedAccess   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 ...

    • openAccess   Voluntary insurance vs. stabilization funds: An experimental analysis on bank runs 

      Barreda-Tarrazona, Iván; Grimalda, Gianluca; Teglio, Andrea Elsevier (2024-03-19)
      Banking crises have recurrently emphasized the crucial need for establishing effective mechanisms to prevent bank runs, and different organizations are exploring a range of potential measures. With the aim of contributing ...