In this paper we analyze the network structure that endogenously emerges in the credit market of the agent-based model of Riccetti et al. (2011), where two kinds of financial accelerators are at work: the "leverage accelerator" and the "network-based accelerator". We focus on the properties of network topology and its interplay with the overall economic performance. Moreover, we empirically calibrate the banking network in the model by using Japanese real data.
Network analysis and calibration of the "leveraged network-based financial accelerator"
RICCETTI, LUCA;
2014-01-01
Abstract
In this paper we analyze the network structure that endogenously emerges in the credit market of the agent-based model of Riccetti et al. (2011), where two kinds of financial accelerators are at work: the "leverage accelerator" and the "network-based accelerator". We focus on the properties of network topology and its interplay with the overall economic performance. Moreover, we empirically calibrate the banking network in the model by using Japanese real data.File in questo prodotto:
| File | Dimensione | Formato | |
|---|---|---|---|
|
Bargigli_Network-analysis-calibration_2014.pdf
accesso aperto
Tipologia:
Documento in post-print (versione successiva alla peer review e accettata per la pubblicazione)
Licenza:
DRM non definito
Dimensione
685.56 kB
Formato
Adobe PDF
|
685.56 kB | Adobe PDF | Visualizza/Apri |
I documenti in IRIS sono protetti da copyright e tutti i diritti sono riservati, salvo diversa indicazione.
