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Enhancing Economical Models: Integration of Tools and Tasks Across Decision Domains

Explore the integration of various tools and tasks within different decision domains to advance research programs and projects in global economic modeling. Covering existing toolboxes, growth opportunities, and targeted projects.

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Enhancing Economical Models: Integration of Tools and Tasks Across Decision Domains

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  1. Integrationof Tools, Tasks,Decision Domains Prof. Carlo C. Jaeger Potsdam Institute for Climate Impact Research, European Climate Forum Workshop on Development of Agent-Based Models of the Global Economy and Its Markets Brussels, October 1, 2010

  2. Overview • The existing toolbox • Opportunities for progress • Research program and projects

  3. The existing toolbox • Computable General Equilibrium • Dynamic Stochastic General Equilibrium • Neo-Keynesian Variants • Social Science Regression Models • Natural Science & Engineering Models

  4. Opportunities for Progress • Learning-by-doing • Correlated equilibria • Social heterogeneity • Migration and aging • Collective identities • Environmental resources

  5. The Example of Raw Materials Prices

  6. The problem of equilibrium selection

  7. Crises of Globalisation

  8. Research Program and Projects • Operate via use cases • Identify the scope of existing tools • Develop variants for other scopes • Generate brand new approaches • Develop shared architectures via interfaces • Crack hard conceptual nuts

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