The linkage between financial market and real economy : the analysis with an agent based simulation
Suzuki, Yoshito (National Defense Academy (Japó))
Namatame, Akira (National Defense Academy (Japó))
Aruka, Yuji (Chuo University)

Date:	2014
Abstract:	Financial markets are driven by the real economy and in turn also has a profound effect on the financial economy. Understanding the feedback between these two sectors leads to a deeper understanding of the stability, robustness and efficiency of the economic system. In this paper, we investigate the effect of credit linkages on the macroeconomic activity by developing an agent-based model, which allows us to explain some key elements occurred during the recent economic and financial crisis. In particular, we study the linkage dependence among agents (firms and banks) at the micro-level and to estimate their impact on the macro activities such as the GDP growth rate, the size and growth rate distributions of agents.
Rights:	Aquest document està subjecte a una llicència d'ús Creative Commons. Es permet la reproducció total o parcial i la comunicació pública de l'obra, sempre que no sigui amb finalitats comercials, i sempre que es reconegui l'autoria de l'obra original. No es permet la creació d'obres derivades.
Language:	Anglès
Document:	Comunicació de congrés
Subject:	Credit ; Depressions ; Computational social science ; Social simulation
Published in:	Social Simulation Conference. Bellaterra, Cerdanyola del Vallés, 1a : 2014

Podeu consultar la compilació de les ponències presentades a Social Simulation Conference a: https://ddd.uab.cat/record/125597

6 p, 1.1 MB

The record appears in these collections:
Contributions to meetings and congresses > Papers and communications > UAB papers and communications