AI × ECON · PAPER RECORDTITLE-MATCHED INDEX COPY

Agent-based models: understanding the economy from the bottom up

Arthur Turrell

Bank of England Quarterly Bulletin

ORIGINAL ABSTRACT

Abstract

TITLE-MATCHED INDEX COPY

This article considers the strengths of agent-based modelling, which explains the behaviour of a system by simulating the behaviour of each individual ‘agent’ in it, and the ways that it can be used to help central banks understand the economy.

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