There are behavioral macroeconomic models with rigorous micro-foundations
Contemporary research features multiple macroeconomic modeling frameworks that incorporate behavioral dynamics, bounded rationality, and agent heterogeneity with rigorous micro-foundations.
The retrieved papers provide robust examples of macroeconomic frameworks (such as agent-based models and models incorporating bounded rationality and heuristics) that explicitly bridge micro-level behavior with macroeconomic dynamics.
Post Walrasian Macroeconomics. 2006. https://doi.org/10.1017/cbo9780511617751
Discusses the development of models combining complexity theory and agent-based frameworks as a robust alternative to traditional macroeconomics.
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Cincotti S, Raberto M, Teglio A. Why do we need agent-based macroeconomics?. 2022. https://doi.org/10.1007/s43253-022-00071-w
Explains how agent-based approaches integrate micro and macro dimensions by modeling networks of heterogeneous economic interactions.
Jang TS, Sacht S. Macroeconomic dynamics under bounded rationality: on the impact of consumers' forecast heuristics.. 2022. https://doi.org/10.1007/s11403-022-00348-7
Demonstrates that macroeconomic models incorporating bounded rationality and consumer heuristics can maintain strong explanatory power and fit empirical data effectively.
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