This studies paper investigates the application of agent-based modeling strategies to research the macroeconomic impact of climate trade regulations. The have a look at seeks to make bigger the traditional macroeconomic modeling methods with the aid of leveraging the power and computational power of agent-based modeling, which could capture the complicated, nonlinear, and emergent behavior of economic systems. The paper starts off evolved by way of imparting an overview of agent-based totally modeling in the context of macroeconomic policy analysis. It discusses the blessings of this computational approach, which permits for the modeling of heterogeneous sellers, their interactions, and the resulting machine-stage dynamics, in comparison to the consultant agent assumptions regularly made in conventional macroeconomic fashions. The studies then delves into the unique domain of climate change guidelines and their macroeconomic implications. It examines the diverse range of coverage interventions, consisting of carbon pricing, emissions buying and selling schemes, and clean strength subsidies, and their ability cascading effects on numerous sectors of the financial system, consisting of production, funding, intake, and employment. The findings of this research offer a precious contribution to the ongoing discourse on the combination of agent-based totally modeling and macroeconomic coverage analysis, particularly inside the context of climate alternate and environmental sustainability. The take a look at gives policymakers, economists, and weather researchers with a comprehensive framework for leveraging computational strategies to better understand and navigate the complicated demanding situations at the intersection of the economy and the surroundings.

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Agent-Based Modeling in Macroeconomic Policy Analysis: Simulating the Impact of Climate Change Policies on the Economy

  • Mohammad Hafez Ahmed,
  • Shawkat Alkhazaleh,
  • Manal Elbelkasy

摘要

This studies paper investigates the application of agent-based modeling strategies to research the macroeconomic impact of climate trade regulations. The have a look at seeks to make bigger the traditional macroeconomic modeling methods with the aid of leveraging the power and computational power of agent-based modeling, which could capture the complicated, nonlinear, and emergent behavior of economic systems. The paper starts off evolved by way of imparting an overview of agent-based totally modeling in the context of macroeconomic policy analysis. It discusses the blessings of this computational approach, which permits for the modeling of heterogeneous sellers, their interactions, and the resulting machine-stage dynamics, in comparison to the consultant agent assumptions regularly made in conventional macroeconomic fashions. The studies then delves into the unique domain of climate change guidelines and their macroeconomic implications. It examines the diverse range of coverage interventions, consisting of carbon pricing, emissions buying and selling schemes, and clean strength subsidies, and their ability cascading effects on numerous sectors of the financial system, consisting of production, funding, intake, and employment. The findings of this research offer a precious contribution to the ongoing discourse on the combination of agent-based totally modeling and macroeconomic coverage analysis, particularly inside the context of climate alternate and environmental sustainability. The take a look at gives policymakers, economists, and weather researchers with a comprehensive framework for leveraging computational strategies to better understand and navigate the complicated demanding situations at the intersection of the economy and the surroundings.