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.
Publisher
Cambridge University Press (CUP)
Subject
Economics and Econometrics
Cited by
43 articles.
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