Model Run USA

Population

• Government Agent = 1
• Producer Agents = 100
• Consumer Agents = 110

Structural unemployment is set at nine percent of the consumer population.

Stimulus

USA total managed expenditure (quarterly) data source starting 1960.

U.S. Bureau of Economic Analysis, Government total expenditures [W068RCQ027SBEA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/W068RCQ027SBEA

Flat Rate Taxation

Set at 37% of all consumer agent income.

Consumption function

• Proportion of disposable income: 60%
• Proportion of (agent wealth) at the opening of the period (quarter): 40%