21 citations · 34 across the 5 of their papers we have counts for
5 papers
Regime Changes and Real-Financial Cycles: Searching Minsky's Hypothesis in a Nonlinear Setting
Domenico delli Gatti, Filippo Gusella, Giorgio Ricchiuti
This paper investigates Minsky's cycles by extending the paper of stockhammer et al. (2019) with a nonlinear model to capture possible local real-financial endogenous cycles. We tr…
Reinforcement Learning for Combining Search Methods in the Calibration of Economic ABMs
Aldo Glielmo, Marco Favorito, Debmallya Chanda +1
Calibrating agent-based models (ABMs) in economics and finance typically involves a derivative-free search in a very large parameter space. In this work, we benchmark a number of s…
Business fluctuations in a credit-network economy
Domenico Delli Gatti, Mauro Gallegati, Bruce Greenwald +2
We model a network economy with three sectors: downstream firms, upstream firms, and banks. Agents are linked by productive and credit relationships so that the behavior of one age…
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…
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…