Agent-based modelling (ABM) has emerged as a pivotal tool in macroeconomics and economic policy analysis. By simulating the interactions of numerous heterogeneous agents — such as households, firms, ...

Download PDF More Formats on IMF eLibrary Order a Print Copy Create Citation A thorough analysis of risks in the banking system requires incorporating banks’ inherent heterogeneity and adaptive ...

In this paper we introduce agent-based modeling for research on decentralized autonomous organizations and decentralized finance (DeFi). As an illustration, we employ agent-based modeling to ...

A new book provides an overview of agent-based modeling (ABM) and multi-agent systems (MAS), emphasizing their significance in understanding complex economic systems. The book's 14 chapters feature ...

Environmental change can lead to human migration and vice versa. Agent-based models (ABMs) are valuable tools to study these linkages because they can represent individual migration decisions of human ...

In this paper we develop an agent-based marriage model based on social interaction. We build an population of interacting agents whose chances of marrying depend on the availability of partners, and ...