Prof. Marco Raberto Gives Talk on Agent-Based Modeling

On Wednesday, January 27, the Frederick S. Pardee Center for the Study of the Longer-Range Future hosted a presentation and discussion titled “Credit-driven bubbles and crises in the macroeconomic and financial system: the Eurace agent-based modeling approach,” featuring Prof. Marco Raberto of the University of Genoa. Prof. Raberto presented the agent-based modeling approach to investigate financial and economic systems.

Prof. Raberto’s Eurace approach is able to show the emergence of business cycles, which are mainly due to the interplay between real economic activity and its financing through the credit market. Among other ongoing work, he plans to apply this agent-based approach to study the sustainability transition in the energy sector.

He is also collaborating with Pardee Center post-doctoral associate Irene Monasterolo on the development of a new hybrid system dynamics agent-based model for green policies.

Click here for more information about Prof. Raberto’s research.