Complexity Hints for Economic Policy

Released on by Massimo Salzano
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  • Complexity Hints for Economic Policy Book Detail

  • Author : Massimo Salzano
  • Release Date : 2007-05-15
  • Publisher : Springer Science & Business Media
  • Genre : Political Science
  • Pages : 321
  • ISBN 13 : 8847005345
  • File Size : 61,61 MB
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Complexity Hints for Economic Policy by Massimo Salzano PDF Summary

Book Description: This book considers the benefits of complexity, suggesting that economists should become a bit less certain in their policy conclusions. A broader range of models would include agent-based models, which use computational power to deal with specification of models that are far beyond analytic solution; and non-linear dynamic stochastic models, many of which are beyond analytic solution, but whose nature can be discovered by a combination of analytics and computer simulations.

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