Reflections on Modern Macroeconomics: Can We Travel Along a Safer Road?

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dc.creatorGaffeo, E.
dc.creatorCatalano, M.
dc.creatorClementi, F.
dc.creatorGatti, D. Delli
dc.creatorGallegati, M.
dc.creatorRusso, A.
dc.date2006-08-14
dc.date.accessioned2026-07-07T12:07:50Z
dc.date.available2026-07-07T12:07:50Z
dc.descriptionIn this paper we sketch some reflections on the pitfalls and inconsistencies of the research program - currently dominant among the profession - aimed at providing microfoundations to macroeconomics along a Walrasian perspective. We argue that such a methodological approach constitutes an unsatisfactory answer to a well-posed research question, and that alternative promising routes have been long mapped out but only recently explored. In particular, we discuss a recent agent-based, truly non-Walrasian macroeconomic model, and we use it to envisage new challenges for future research.
dc.descriptionLatex2e v1.6; 17 pages with 4 figures; for inclusion in the APFA5 Proceedings
dc.identifierhttps://arxiv.org/abs/physics/0608148
dc.identifierhttp://arxiv.org/abs/physics/0608148
dc.identifierPhysica A: Statistical Mechanics and its Applications, Vol: 382, Issue: 1, 1 August 2007, pp: 89-97
dc.identifierdoi:10.1016/j.physa.2007.02.011
dc.identifier.urihttp://salesiana.dossiersoluciones.com/handle/123456789/209109
dc.subjectPhysics and Society
dc.subjectGeneral Finance
dc.titleReflections on Modern Macroeconomics: Can We Travel Along a Safer Road?
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