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Pré-Publication, Document De Travail Année : 2008

Production and Finance in EURACE

Résumé

EURACE is a major FP6 STREP project aiming at constructing an
exhaustive agent-based model of the European economy, populated by a
very large number of sophisticated, autonomous agents. The EURACE
model, which has an explicit spatial structure, includes all the major
markets considered in quantitative macroeconomic modelling (consumer
goods, investment goods, labour, credit and finance). It offers a
unique opportunity for studying, from a new perspective, the
empirically observed but theoretically poorly understood link between
the real and the financial sphere of a modern economy. After summarily
presenting the main features of EURACE, this paper describes in more
detail the newly developed financial management module that
intermediates between the real and the financial spheres in EURACE. In
a nutshell, this module defines the link between the hiring and
investment behavior of the firms as a function of the revenues they
obtain by selling their products, of the money they can raise on the
credit and financial markets, of their dividend policy, and other
major aspects of financial decision-making.
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Dates et versions

halshs-00339758 , version 1 (18-11-2008)

Identifiants

  • HAL Id : halshs-00339758 , version 1

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Sander van Der Hoog, Christophe Deissenberg, Herbert Dawid. Production and Finance in EURACE. 2008. ⟨halshs-00339758⟩
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