Giorgio Fagiolo is associate professor of economics at the Sant’Anna School of Advanced Studies in Pisa, Italy, where he holds a tenured position in the Laboratory of Economics and Management. He holds a bachelor’s degree in mathematical statistics from the University of Rome “La Sapienza” and a Ph.D. in economics from the European University Institute in Florence, Italy. His main areas of scientific interest include agent-based computational economics, complex networks, evolutionary games, industrial dynamics, and economic methodology (with particular emphasis on the scientific status of agent-based computational economics; empirical validation of economic models; and their policy-related implications). His papers have been published in Science, Journal of Economic Geography, Journal of Applied Econometrics, Journal of Economics Dynamics and Control, Computational Economics, Physical Review E, Journal of Economic Behavior and Organization, Industrial and Corporate Change, Advances in Complex Systems, Journal of Evolutionary Economics, European Physical Journal B, and Journal of Economic Interaction and Coordination, as well as in several peer-reviewed book chapters. He is currently director of the international doctoral program in economics at Sant’Anna School of Advanced Studies in Pisa.
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The Great Recession seems to be a natural experiment for macroeconomics showing the inadequacy of the predominant theoretical framework — the New Neoclassical Synthesis — grounded on the DSGE model.