A panel data set covering 145 countries between 1960 and 2010 has been investigated closely by using models of parameter...

To determine the possible welfare gains from macroeconomic stabilization policy, we adapt the ap- proach of Lucas (2003) with a...

This article describes a simulated monetary macro model with different types of interacting agents. As such, it is assigned to the...

Processes of social opinion formation might be dominated by a set of highly influential agents acting as ‘opinion leaders’. Here we...