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 test app navigation to view the output of agent-based model simple.

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View a wholly fictional story.