Using an agent-based model, we investigate how interest rates affects banks' risk-taking in terms of the profile of their lending to real sector firms. Our agent-based model considers five …
I Salle, P Seppecher - Journal of Economic Dynamics and Control, 2018 - Elsevier
This paper offers a systematic comparison of a wide range of leaning-against-the-wind interest-rate policy rules within a macroeconomic, stock-flow consistent, agent-based model …
S Reissl - Journal of Evolutionary Economics, 2021 - Springer
This paper presents a hybrid agent-based stock-flow-consistent model featuring heterogeneous banks, purposely built to examine the effects of variations in banks' …
We employ an agent-based model to shed light on the macroeconomic effects of accounting principles, unconventional monetary policies, and of their possible interactions. If mark-to …
E Catullo, F Giri, M Gallegati - Macroeconomic Dynamics, 2021 - cambridge.org
The paper presents an agent-based model reproducing a stylized credit network that evolves endogenously through the individual choices of firms and banks. We introduce in …
This paper explores the joint effects of prudential regulation and monetary policy in a hybrid agent-based-stock-flow-consistent model featuring an agent-based banking sector. The …
S Reissl - Economic Inquiry, 2022 - Wiley Online Library
This paper evaluates the government expenditure multiplier and the influence of agents' expectations and consumption choices thereupon in a pre‐existing estimated …
Social networks play a crucial role in diffusing information, influencing individuals' behaviour, and affecting the stability of economic expectations. However, the effects of social …
This paper uses a macroeconomic agent-based model building on Delli Gatti et al.(2011) to investigate the influence of agents' expectations and consumption choices on government …