Sentence examples for macroeconomic agents from inspiring English sources

The global economic system is a highly complex system and can best be viewed in terms of a network of interacting macroeconomic agents.

This paper discusses a series of Monte Carlo experiments designed to evaluate the empirical properties of Heterogeneous-Agent macroeconomic models in the presence of sampling variability.

Unlike agents in macroeconomic models, workers tend to express the sense of being tired or unable to keep up with the expectations at older ages, even prior to reaching the minimum eligibility retirement age, as analyzed in the European context by Wahrendorf et al. (2012, 2006) and Van Solinge and Henkens (2010) with the use of SHARE network data or by Vodopivec (2010) for Slovenia.

Given the simplicity of the approach used to evaluate these

The core of CEEPA is a recursive dynamic computable general equilibrium model, in which the interactions among different agents in the macroeconomic system of China are described.

There are other simulation models that follow macroeconomic theory and are based on assumptions that agents decide under conditions of bounded rationality in imperfect markets.

3, we interpret all this as providing empirical support to macroeconomic models working with a continuum of heterogeneous agents, such as the so-called standard incomplete markets models (see, for example, Heathcote et al. 2009).

It also explores how the Ministry of Health has attempted to maintain system resilience by enabling agents to adapt to a changing macroeconomic context while acting to ensure that the system maintained its function and achieved agreed policy goals.

And when larger macroeconomic forces put the brakes on home sales, many traditional agents struggle or drift away from the profession.

We present in detail the model in Section 3 and its calibration in Section 4. The results are discussed in two substantive parts: aggregate welfare and macroeconomic effects in Section 5 and detailed analysis of heterogeneous agents in Section 6.

This feature allows us to use agents before and after the reform to control for macroeconomic effects and for unobserved heterogeneity among agents.