Macroeconomic model reference

Household Heterogeneity ABM Model

How do heterogeneous household consumption rules, saving buffers, and wealth positions shape the aggregate demand response to fiscal, monetary, and distributional shocks -- and why does the shape of the income/wealth distribution matter more than the mean?

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Household Heterogeneity ABM sources, papers, and evidence trail

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References

Reference sources

Reference material used for orientation; read primary and academic sources first when claims conflict.

  1. [S1] Reference

    Caiani et al. (2016) -- stock-flow consistent macro ABM with heterogeneous households, firms, banks, and government

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  2. [S2] Reference

    Assenza et al. (2015) -- emergent macroeconomics with heterogeneous interacting agents and heuristic expectations

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  3. [S3] Reference

    Lengnick (2013) -- minimal closed-economy ABM with heterogeneous households, firms, and a bank; business cycles from decentralized trade

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  4. [S4] Reference

    Dawid et al. (2018) -- Eurace@Unibi with detailed household module, labor market, and fiscal policy evaluation

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  5. [S5] Reference

    Dosi et al. (2013) -- K+S model: income distribution and fiscal policy in an evolutionary macro ABM

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  6. [S6] Reference

    Carroll (2006) -- buffer-stock saving theory providing the micro foundation for ABM consumption rules

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  7. [S7] Reference

    Dosi et al. (2017) -- fiscal and monetary policy interactions in the K+S framework with heterogeneous households

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