ABMSIM: A Government Monetary Model

Agent-Based Model Simple (ABMSIM) is an interpretation of G&L's first sectoral flow government, non-government monetary system.

Policy variables are government expenditure (a stimulus quantity) and a government mandated taxation rate (a percentage). Changes in both expenditure and taxation determine the quantity of money (net financial assets) that flow towards or away from the non-government sector. This is the government sector fiscal balance, either in surplus (a money flow away from the non-government sector), or more typically, in deficit (a money flow toward the non-government sector).

The model and therefore the economy is defined by key policy variables and the behaviour of agents.

Test Output

Steady State System

  • Select ABMSIM Test from the shareable studio app navigation to view the test output of agent-based model simple.

View a wholly fictional story.