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EVOLUTIONARY ALGORITHMS IN MACROECONOMIC MODELS

Published online by Cambridge University Press:  05 October 2000

Jasmina Arifovic
Affiliation:
Simon Fraser University and California Institute of Technology

Abstract

This paper provides a survey of the applications of evolutionary algorithms in macroeconomic models. Discussion is organized around the issues related to stability of equilibria, equilibrium selection, transitional dynamics, and the long-run evolutionary dynamics different from rational-expectations equilibrium outcomes. The survey also discusses criteria that can be used to evaluate the performance and usefulness of evolutionary algorithms in the macroeconomic context.

Type
MD Survey
Copyright
© 2000 Cambridge University Press

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