The paper presents a survey of Post Keynesian (PK) agentâ€based (AB) models and AB models with PK features. It is argued that AB modeling is fully consistent with the PK approach and that the crossâ€fertilization can benefit both areas of research. The survey focuses on how the various models have faced the issues implied by adopting a bottomï¿½up approach in a traditionally aggregative structure and highlights the additional insights coming from this modeling strategy. Particular attention is devoted to stockâ€flow consistent AB models for theivvr potential in defining a new benchmark for this type of research.
|Journal||Journal of Economic Surveys|
|Publication status||Published - 2017|