Forrester, Jay W., "The System Dynamics National Model: Macrobehavior from Microstructure", 1989
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The System Dynamic National Model was undertaken to show how local policies governing decentralized decisions in an economy create observed overall economic behavior. I feel we have succeeded well beyond our original expectations. The model, endogenously, without any external driving time series, generates the major observed modes of economic behavior: business cycles, inflation, the economic long wave and growth.