Interactions between the Real Economy and the Stock Market: A Simple Agent-Based Approach

We develop a simple behavioral macromodel to study interactions between the real economy and the stock market. The real economy is represented by a Keynesian-type goods market approach while the setup for the stock market includes heterogeneous speculators. Using a mixture of analytical and numerica...

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Bibliographic Details
Main Author: Frank Westerhoff
Format: Article
Language:English
Published: Hindawi Limited 2012-01-01
Series:Discrete Dynamics in Nature and Society
Online Access:http://dx.doi.org/10.1155/2012/504840