The MACME project develops alternative economic models to the ones used by the dominant economic theory, of which the “dynamic stochastic general equilibrium” (DSGE).
Understanding and predicting economic dynamics require that the complexity of modern monetary economies is considered. Within the MACME project, we build rich and innovative agent-based and/or stock-flow consistent models, able to account for a large number of phenomena and in which crises can be endogenous and history matters.
The team organizes an …[Lire la suite]