2 papers
econ.GN2025
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…
econ.GN2025
Generative Agents and Expectations: Do LLMs Align with Heterogeneous Agent Models?
Filippo Gusella, Eugenio Vicario
Results in the Heterogeneous Agent Model (HAM) literature determine the proportion of fundamentalists and trend followers in the financial market. This proportion varies according…