ABMPC: A Monetary System Model

The model sees household agents make a portfolio choice between non-interest bearing (high-powered) money bills and interest bearing bills akin to government treasury bills. The interest rate offered will affect the composition of a household agent's asset portfolio. That is, the proportion of interest-bearing assets to money an agent will decide to hold.

Test Output

Steady State System

  • Select ABMPC Test from the shareable test app navigation to view a steady state system in a changing interest rate environment.

System Context

  • This sketch is a representation of agent-based model portfolio choice within a bounded system context.

View the portfolio decision.