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Önder Nomaler, Danilo Spinola, Bart Verspagen

Evolutionary Selection and Keynes-Schumpeter Macroeconomics

This Element develops a stock-flow consistent agent-based macroeconomic model with Schumpeterian and Keynesian characteristics. On the Schumpeterian side, technological change is modelled as productivity …

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Marco Mazzoli, Matteo Morini, Pietro Terna

Rethinking Macroeconomics with Endogenous Market Structure

The birth and death of firms is one of the main features of the business cycle. Yet mainstream DGSE macroeconomic models mostly ignore this phenomenon, thereby excluding any potential impact of economic p…

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