Article citationsMore>>
Delli Gatti, D., Desiderio, S., Gaffeo, E., Cirillo, P. and Gallegati, M. (2011) Macroeconomics from the Bottom-Up. Springer, Milan.
https://doi.org/10.1007/978-88-470-1971-3
has been cited by the following article:
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TITLE:
Monetary Policy Experiments in an Agent-Based Macroeconomic Model
AUTHORS:
Elder Mauricio Silva, Guilherme Moura, Sergio Da Silva
KEYWORDS:
Agent-Based Macroeconomic Model, Monetary Policy, Financial Crises, Taylor’s Rule, Quantitative Easing, Business Cycles
JOURNAL NAME:
Open Access Library Journal,
Vol.8 No.5,
May
26,
2021
ABSTRACT: We consider an interbank market and a central bank in an agent-based macroeconomic model with credit and capital to evaluate the effects of monetary policies—conventional and quantitative easing. We find quantitative easing outperforms Taylor’s rule-style policies in smoothing out the business cycle.