Geconomicus is an open-source agent-based modeling platform for simulating complex economic systems. It allows users to model heterogeneous agents and interactions to analyze emergent macroeconomic dynamics.
Geconomicus is an open-source, flexible agent-based modeling platform designed for simulating complex economic systems. It enables researchers and analysts to build models with heterogeneous agents such as households, firms, banks, and policy makers along with their interactions and behaviors.
Some key features of Geconomicus include:
With its agent-based approach, Geconomicus can capture emergent macroeconomic dynamics arising from micro-level interactions that are difficult to model with traditional equation-based methods. It allows analysts to understand macro outcomes like growth, cycles, crises, inequality based on underlying individual behaviors and choices.
The platform enables rapid prototyping and is suitable for theoretical explorations, policy evaluations as well as practical forecasting applications across domains like financial stability, green economy, land use, and others.
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