Abstract
Handling carefully monetary and real flows, given by agents’ behaviors and interactions, is a key requirement when dealing with complex economic models populated by a high number of agents. The paper shows how the stock-flows consistency issue has been faced in the EURACE model, by considering a dynamic balance sheet approach for modeling and validation purposes.
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Teglio, A., Raberto, M., Cincotti, S. (2010). Balance Sheet Approach to Agent-Based Computational Economics: The EURACE Project. In: Borgelt, C., et al. Combining Soft Computing and Statistical Methods in Data Analysis. Advances in Intelligent and Soft Computing, vol 77. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-14746-3_74
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DOI: https://doi.org/10.1007/978-3-642-14746-3_74
Publisher Name: Springer, Berlin, Heidelberg
Print ISBN: 978-3-642-14745-6
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