2012 Fiscal Year Final Research Report
Agent-based Simulation Model of Business Cycle
| Project/Area Number |
22530284
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| Research Category |
Grant-in-Aid for Scientific Research (C)
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| Allocation Type | Single-year Grants |
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| Section | 一般 |
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| Research Field |
Economic policy
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| Research Institution | Soka University |
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Principal Investigator |
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| Co-Investigator(Kenkyū-buntansha) |
OKADA Isamu 創価大学, 経営学部, 准教授 (60323888)
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| Project Period (FY) |
2010 – 2012
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| Keywords | 政策シミュレーション |
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| Research Abstract |
In order to obtain policy implications on systemic financial fragility, we constructed a macroeconomic model in cooperating heterogeneous economic agents and a financial sector. Since business cycle is a phenomenon emerging from complex interactions among heterogeneous agents, conventional macroeconomic model that assumes a representative agent is inappropriate. We reproduced business cycle behavior using an agent-based approach. A completely closed macro financial model, which in cooperates Keynesian and Walrasian regimes with endogenous money supply, was constructed. This prototype model is expected to be a useful base model to examine various policy simulations.
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Research Products
(18 results)
