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{ Tag Archives } United Kingdom

Agent Based Computational Economics comes of age

Fifty years ago, Lawrence Klein began building complex econometric models of the US and UK economies. The vogue which his large scale models began eventually petered out following the Lucas critique. Today, a large scale agent-based computational economics model capable of simulating three types of agents with learning capabilities has been released. The model is [...]

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Prof. Kelly (or: Dr Faustus) on the House Price Decline

The time in which I write … has a horribly swollen belly, it carries in its womb a national catastrophe …
This opinion piece in today’s Irish Times is the worst kind of economic scaremongering from Prof. Morgan Kelly. He sets up his stall around potential bank collapses in the autumn, and builders’ all-or-nothing loan [...]

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Thinking about Climate Change in Ireland

A barrage of emails has me thinking about climate change in Ireland, what we can expect, and more importantly, what we might do about it right now. And I’m not thinking about recycling. I’m thinking about policy responses centered around forward planning, a sort of flanking move on the most likely effects of climate [...]

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