01995nam a2200217 4500 20260325150236.0 9781009414210 English 339 DOS/A Colon Classification Dosi, Giovanni 10871 Agent-based Macroeconomics /Giovanni Dosi and Andrea Roventini 1 UK: Cambridge University Press, 2025. 109p. This Element is about agent-based macroeconomics in general, and in particular about a family of evolutionary, agent-based models (ABMs), which are called 'Schumpeter meeting Keynes' (or K+S). The K+S models knit together 'Schumpeterian' endogenous processes of innovation with 'Keynesian' mechanisms of demand generation. As with all well-constructed ABMs, the K+S models are populated by a multiplicity of agents which interact on the grounds of quite simple, empirically based, behavioural rules, whose collective outcomes are 'emergent properties' which cannot be imputed to the intention of any single agent. After the K+S model is empirically validated, the impacts of different combinations of innovation, industrial, fiscal, and monetary policies for different labour-market regimes and inequality scenarios are assessed. The Element offers a new perspective on macroeconomics considering the economy as a complex evolving system 1. Introduction; 2. A dismal short story of macroeconomics: from Robinson Crusoe to complex evolutionary economies; 3. The emperor is still naked: the intrinsic limits of DSGE models; 4. Macroeconomic agent-based models; 5. The Schumpeter meeting Keynes model; 6. Empirical validation; 7. Policy experiments; 8. A brief discussion on the future of macroeconomics by way of a conclusion; References. Macroeconomics/ Business cycles /Cycles economics/ Keynesian economics /Keynesian Macroeconomics /Mathematical models 12515 Roventini, Andrea 10872 ddc BK 756979 756979 0 0 ddc 0 0 NFIC ECN ECN PROC 2026-02-23 MBC/0763/2025,13/02/2026 2098.00 0 339 DOS/A ECN16985 2026-02-24 10:30:09 2026-02-23 BK