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Macro-micro economic system simulation

Macro-micro economic system simulation
Macro-micro economic system simulation

The compute power required in the simulation of mutually cooperating systems in the physical sciences is huge. Therefore, it is common to simulate one system and treat others as parameters or environmental conditions to the simulated system. Macro-Micro Interlocked (MMI) simulation framework has been proposed to simulate such cooperating systems. In this paper, we study the feasibility of applying this framework on the simulation of macro-micro economic model. This simulation allows us to observe the system's behaviour at the macro and micro levels concurrently. Policy changes at the macroeconomic level may affect the behaviour of the entities at the microeconomic level. Similarly, the behaviour changes at the microeconomic level may effect the macroeconomic system. We implement an MMI simulation library suitable for execution on a cluster of PCs. At this early stage, the experiment shows a promising result which provides us with a foundation to experiment with a larger model.

1087-4097
105-112
IEEE
Onggo, B.S.S.
8e9a2ea5-140a-44c0-9c17-e9cf93662f80
Kusano, K.
06f2297b-5746-4305-a062-e897d2a632f6
Sato, T.
a89883c2-4de2-45e2-a8f7-765ae674f597
Onggo, B.S.S.
8e9a2ea5-140a-44c0-9c17-e9cf93662f80
Kusano, K.
06f2297b-5746-4305-a062-e897d2a632f6
Sato, T.
a89883c2-4de2-45e2-a8f7-765ae674f597

Onggo, B.S.S., Kusano, K. and Sato, T. (2007) Macro-micro economic system simulation. In Proceedings - 21st International Workshop on Principles of Advanced and Distributed Simulation, PADS 2007. IEEE. pp. 105-112 . (doi:10.1109/PADS.2007.22).

Record type: Conference or Workshop Item (Paper)

Abstract

The compute power required in the simulation of mutually cooperating systems in the physical sciences is huge. Therefore, it is common to simulate one system and treat others as parameters or environmental conditions to the simulated system. Macro-Micro Interlocked (MMI) simulation framework has been proposed to simulate such cooperating systems. In this paper, we study the feasibility of applying this framework on the simulation of macro-micro economic model. This simulation allows us to observe the system's behaviour at the macro and micro levels concurrently. Policy changes at the macroeconomic level may affect the behaviour of the entities at the microeconomic level. Similarly, the behaviour changes at the microeconomic level may effect the macroeconomic system. We implement an MMI simulation library suitable for execution on a cluster of PCs. At this early stage, the experiment shows a promising result which provides us with a foundation to experiment with a larger model.

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More information

Published date: 10 October 2007
Venue - Dates: 21st International Workshop on Principles of Advanced and Distributed Simulation, PADS 2007, , San Diego, CA, United States, 2007-06-11 - 2007-06-14

Identifiers

Local EPrints ID: 433749
URI: http://eprints.soton.ac.uk/id/eprint/433749
ISSN: 1087-4097
PURE UUID: b317a337-d1ab-427c-9a42-830bc6a98acc
ORCID for B.S.S. Onggo: ORCID iD orcid.org/0000-0001-5899-304X

Catalogue record

Date deposited: 03 Sep 2019 16:30
Last modified: 09 Jan 2022 04:06

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Contributors

Author: B.S.S. Onggo ORCID iD
Author: K. Kusano
Author: T. Sato

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