Incorporating financial intermediaries, with their ability to generate shocks and frictions, into macroeconomic models has recently gained substantial attention of the profession. In this commentary I ask whether the models we generated are ripe to provide valuable, quantitative advice to policymakers, especially those interested in implementing and conducting macroprudential policy. I concentr...

Considering that the effect of different types energy on sustainable development differs, optimization structure is commonly seen as a decisive factor for development. In this study, we focus and construct dynamic stochastic general equilibrium (DSGE) analysis framework including environment, society, economy. Furthermore, analyze technology shocks when proportion clean separately set at 10%, 2...

In this note I pay tribute to two early works by Barbara Bergmann and Gunnar Eliasson which, though firmly grounded in the dynamic microsimulation literature, can be considered as the first examples of large-scale agent-based models. These attempts at building complete micro-to-macro computational models of the economy are important not only in a history of economic thought perspective, but als...