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Home > News and Publications > Agent-based models: understanding the economy from the bottom up - Quarterly Bulletin 2016 Q4
 

Agent-based models: understanding the economy from the bottom up - Quarterly Bulletin 2016 Q4

16 December 2016

​Full article

By Arthur Turrell

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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