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Muller, B., Bohn, F., Drebler, G., Groeneveld, J., Klassert, C., Martin, R., Schlüter, M., Schulze, J., Weise, H. and Schwarz, N. (2013) Describing Human Decisions in Agent-Based Models—ODD + D, an Extension of the ODD Protocol. Environmental Modelling & Software, 48, 37-48. https://doi.org/10.1016/j.envsoft.2013.06.003
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.