arXiv subjects

Francesco Lamperti

Publications and source records attributed to Francesco Lamperti.

4 recordsLinked to original sources

arXiv2024

Climate Impact Assessment Requires Weighting: Introducing the Weighted Climate Dataset

High-resolution gridded climate data are readily available from multiple sources, yet climate research and decision-making increasingly require country and region-specific climate information weighted by socio-economic factors. Moreover, the current landscape of disparate data sources and inconsistent weighting methodologies exacerbates the reproducibility crisis and undermines scientific integrity. To address these issues, we have developed a globally comprehensive dataset at both country (GADM0) and region (GADM1) levels, encompassing various climate indicators (precipitation, temperature, SPEI, wind gust). Our methodology involves weighting gridded climate data by population density, night-time light intensity, cropland area, and concurrent population count -- all proxies for socio-economic activity -- before aggregation. We process data from multiple sources, offering daily, monthly, and annual climate variables spanning from 1900 to 2023. A unified framework streamlines our preprocessing steps, and rigorous validation against leading climate impact studies ensures data reliability. The resulting Weighted Climate Dataset is publicly accessible through an online dashboard at https://weightedclimatedata.streamlit.app/.

stat.AP↗

arXiv2023

A unified repository for pre-processed climate data weighted by gridded economic activity

Although high-resolution gridded climate variables are provided by multiple sources, the need for country and region-specific climate data weighted by indicators of economic activity is becoming increasingly common in environmental and economic research. We process available information from different climate data sources to provide spatially aggregated data with global coverage for both countries (GADM0 resolution) and regions (GADM1 resolution) and for a variety of climate indicators (average precipitations, average temperatures, average SPEI). We weigh gridded climate data by population density or by night light intensity -- both proxies of economic activity -- before aggregation. Climate variables are measured daily, monthly, and annually, covering (depending on the data source) a time window from 1900 (at the earliest) to 2023. We pipeline all the preprocessing procedures in a unified framework, which we share in the open-access Weighted Climate Data Repository web app. Finally, we validate our data through a systematic comparison with those employed in leading climate impact studies.

econ.GN↗

arXiv2023

Automated and Distributed Statistical Analysis of Economic Agent-Based Models

We propose a novel approach to the statistical analysis of stochastic simulation models and, especially, agent-based models (ABMs). Our main goal is to provide fully automated, model-independent and tool-supported techniques and algorithms to inspect simulations and perform counterfactual analysis. Our approach: (i) is easy-to-use by the modeller, (ii) improves reproducibility of results, (iii) optimizes running time given the modeller's machine, (iv) automatically chooses the number of required simulations and simulation steps to reach user-specified statistical confidence, and (v) automates a variety of statistical tests. In particular, our techniques are designed to distinguish the transient dynamics of the model from its steady-state behaviour (if any), estimate properties in both 'phases', and provide indications on the (non-)ergodic nature of the simulated processes - which, in turn, allows one to gauge the reliability of a steady-state analysis. Estimates are equipped with statistical guarantees, allowing for robust comparisons across computational experiments. To demonstrate the effectiveness of our approach, we apply it to two models from the literature: a large-scale macro-financial ABM and a small scale prediction market model. Compared to prior analyses of these models, we obtain new insights and we are able to identify and fix some erroneous conclusions.

econ.GN↗

arXiv2017

Agent-Based Model Calibration using Machine Learning Surrogates

Taking agent-based models (ABM) closer to the data is an open challenge. This paper explicitly tackles parameter space exploration and calibration of ABMs combining supervised machine-learning and intelligent sampling to build a surrogate meta-model. The proposed approach provides a fast and accurate approximation of model behaviour, dramatically reducing computation time. In that, our machine-learning surrogate facilitates large scale explorations of the parameter-space, while providing a powerful filter to gain insights into the complex functioning of agent-based models. The algorithm introduced in this paper merges model simulation and output analysis into a surrogate meta-model, which substantially ease ABM calibration. We successfully apply our approach to the Brock and Hommes (1998) asset pricing model and to the "Island" endogenous growth model (Fagiolo and Dosi, 2003). Performance is evaluated against a relatively large out-of-sample set of parameter combinations, while employing different user-defined statistical tests for output analysis. The results demonstrate the capacity of machine learning surrogates to facilitate fast and precise exploration of agent-based models' behaviour over their often rugged parameter spaces.

econ.GN↗