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EVOLUTIONARY ALGORITHMS IN MACROECONOMIC MODELS

Published online by Cambridge University Press:  05 October 2000

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

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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.

Keywords

LearningEvolutionary DynamicsMacroeconomic Environments
Type
MD Survey
Information
Macroeconomic Dynamics , Volume 4 , Issue 3 , September 2000 , pp. 373 - 414
Copyright
© 2000 Cambridge University Press