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Novel Modelling of the Operation of the Financial Intermediary System – Agent-based Macro Models

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  • Bence Mérõ

    (Magyar Nemzeti Bank)

Abstract

The study describes three agent-based macro models – expanded with the banking sector – that may later, following adequate further development, serve as bases for regulatory decisions. By presenting and explaining these models, the author attempts to make the readers understand the nature, essence and framework of agent-based modelling, also highlighting the difficulties that arise during modelling.

Suggested Citation

  • Bence Mérõ, 2019. "Novel Modelling of the Operation of the Financial Intermediary System – Agent-based Macro Models," Financial and Economic Review, Magyar Nemzeti Bank (Central Bank of Hungary), vol. 18(3), pages 83-113.
    • Handle: RePEc:mnb:finrev:v:18:y:2019:i:3:p:83-113
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    More about this item

    Keywords

    agent-based modelling; banking sector; money creation;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • Y2 - Miscellaneous Categories - - Introductions and Prefaces

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