Measuring Real Equilibrium Interest Rate: From the Linear Equation of the Taylor Rule to Agent - Based Model
Alexander Dedishchev · Journal of Economics, Management and Trade · 2017
The aim of this paper is to transform standard Taylor rule linear equation model into agent-based computational (ABC) model. ABC model addresses monetary macroeconomics as a complex evolving system of heterogenous agents whose interactions continuously change the structure of the...
Open access
Research Article
10.9734/BJEMT/2017/31353