Computational Model Library

An Agent-based model of the economy with consumer credit (1.7.0)

The model was built to study the links between consumer credit, wealth distribution and aggregate demand in a complex macroeconomics system.
It is populated by heterogeneous consumers, a productive sector and a banking sector.
The model has a number of parameters such as the agents productivity distribution, the distribution of their willingness to borrow, the propensity to consume out of wealth, the wage setting rule and many other. They can be changed to evaluate their effect on the aggregate outcome of the economy and to perform sensitivity analysis.

Release Notes

Associated Publications

An Agent-based model of the economy with consumer credit 1.7.0

Submitted by Gianfranco Giulioni Published Mar 07, 2019 Last modified Mar 07, 2019

The model was built to study the links between consumer credit, wealth distribution and aggregate demand in a complex macroeconomics system.
It is populated by heterogeneous consumers, a productive sector and a banking sector.
The model has a number of parameters such as the agents productivity distribution, the distribution of their willingness to borrow, the propensity to consume out of wealth, the wage setting rule and many other. They can be changed to evaluate their effect on the aggregate outcome of the economy and to perform sensitivity analysis.

Cite this Model

Paola D’Orazio, Gianfranco Giulioni (2019, March 07). “An Agent-based model of the economy with consumer credit” (Version 1.7.0). CoMSES Computational Model Library. Retrieved from: https://www.comses.net/codebases/4990/releases/1.7.0/

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Contributors
Paola D'Orazio Gianfranco Giulioni
DOI
No assigned DOI
Model Version
1.7.0
License
GPL-3.0
Programming Language
Java
Software Framework
Repast
Operating System
Operating System Independent
Publish Date
Thursday, March 07, 2019
Last Updated
Thursday, March 07, 2019
Downloads 394
Peer Review
Unreviewed
Version Submitter First published Last modified Status
1.7.0 Gianfranco Giulioni Thu Mar 7 10:24:50 2019 Thu Mar 7 10:24:51 2019 Published

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