EURACE: A Massively Parallel Agent-Based Model of the European Economy

Christophe Deissenberg (1) , Sander van Der Hoog (1) , Herbert Dawid (2)

1 GREQAM - Groupement de Recherche en Économie Quantitative d'Aix-Marseille
2 Dept. of Business Administration

EURACE is a major European attempt to construct an agent-based model of the European economy with a very large population of autonomous, purposive agents interacting in a complicated economic environment. To create it, major advances are needed, in particular in terms of economic modeling and software engineering.
In this paper, we describe the general structure of the economic model developed for EURACE and present the Flexible Large-scale Agent Modeling Environment (FLAME) that will be used to describe the agents and run the model on massively parallel supercomputers. Illustrative simulations with a simplified
model based on EURACE's labour market module are presented.

Mots clés: Agent-based Computational Economics; X-Machines; Parallel<br />computation.; Parallel<br />computation

Domaines: Economies et finances

Christophe Deissenberg, Sander van Der Hoog, Herbert Dawid. EURACE: A Massively Parallel Agent-Based Model of the European Economy. 2008. ⟨halshs-00339756⟩