by I have seen a few articles discussing the rise of the new economics debates, MMT, and blogging versus Twitter econ. I just want to make a few scattered observations....Bond Economics Econwars Blogging Is Back, Or What?Brian RomanchukI have another non-paywalled draft PDF on my Patreon (link). They are initial musings about a theoretical question: can we implement an agent-based model, and have it converge to a DSGE model equilibrium solution?The text is somewhat rough, as it is a brainstorming document rather than a finished product. My conjecture is that the only way to get a DSGE-style equilibrium is to force the agents to use that solution, which is not within the "spirit" of agent-based modelling.With that digression out of the way, I have returned to puttering around with my Python
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I have seen a few articles discussing the rise of the new economics debates, MMT, and blogging versus Twitter econ. I just want to make a few scattered observations....
Bond Economics
Econwars Blogging Is Back, Or What?
I have another non-paywalled draft PDF on my Patreon (link). They are initial musings about a theoretical question: can we implement an agent-based model, and have it converge to a DSGE model equilibrium solution?The text is somewhat rough, as it is a brainstorming document rather than a finished product. My conjecture is that the only way to get a DSGE-style equilibrium is to force the agents to use that solution, which is not within the "spirit" of agent-based modelling.
With that digression out of the way, I have returned to puttering around with my Python agent-based framework. The code is still preliminary, and I would not yet describe it as a functioning model. However, within a few weeks, it should start to resemble a very simple model that could be related to an aggregate model of the economy....
Brian Romanchuk