Bamberg Research Group on Behavioral Macroeconomics (BaGBeM)
The Bamberg Research Group on Behavioral Macroeconomics (BaGBeM) is a graduate program financed by the Hans-Böckler Foundation and the University of Bamberg.
The following research topics are of particular interest to the Research Group:
- Interaction between boundedly-rational behavior on financial markets and macroeconomic activity.
- The role of boundedly-rational expectation formation processes for the occurrence of business cycles.
- Development of agent based macro- and financial models as tools for economic policy design.
- Sustainability of the Euro zone under bounded rationality.
- Empirical validation/estimation of behavioral macro- and financial market models.
- Analytic and simulated approaches for the aggregation of heterogenous agents with boundedly-rational expectations.
- Income inequality, wealth distribution and macroeconomic activity in the long run.