21 citations · 28 across the 4 of their papers we have counts for
4 papers
Reflections on Modern Macroeconomics: Can We Travel Along a Safer Road?
E. Gaffeo, M. Catalano, F. Clementi +3
In this paper we sketch some reflections on the pitfalls and inconsistencies of the research program - currently dominant among the profession - aimed at providing microfoundations…
International evidence on business cycle magnitude dependence
Corrado Di Guilmi, Edoardo Gaffeo, Mauro Gallegati +1
Are expansions and recessions more likely to end as their magnitude increases? In this paper we apply parametric hazard models to investigate this issue in a sample of 16 countries…
Bankruptcy as an exit mechanism for systems with a variable number of components
Corrado Di Guilmi, Edoardo Gaffeo, Mauro Gallegati
Dynamical systems with components whose sizes evolve according to multiplicative stochastic rules have been recently combined with entry and exit processes. We show that the assump…
A new approach to business fluctuations: heterogeneous interacting agents, scaling laws and financial fragility
Domenico Delli Gatti, Corrado Di Guilmi, Edoardo Gaffeo +3
In this paper we discuss a scaling approach to business fluctuations. Our starting point consists in recognizing that concepts and methods derived from physics have allowed economi…