Macroeconomic model reference

Housing / Credit ABM Model

How do leverage, collateral values, and heterogeneous household balance sheets turn a housing or credit shock into an aggregate macro outcome with endogenous default cascades?

Agent-based models · Sources

Housing / Credit ABM sources, papers, and evidence trail

Primary papers, model variants, source notes, and review signals behind the Housing / Credit ABM page.

References

Primary and official sources

First-party releases, central-bank materials, official statistical agencies, and institutional documents.

  1. [S1] Bank of England

    Carro (2023) -- Bank of England updated housing ABM with buy-to-let investors and rental sector

    Primary - Bank of England

  2. [S2] Bank of England

    Baptista et al. (2016) -- Bank of England agent-based model for UK housing-market macroprudential policy

    Primary - Bank of England

Reference sources

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

  1. [S3] Reference

    Geanakoplos (2010) -- leverage cycles as emergent phenomenon from heterogeneous beliefs and collateral constraints

    Reference

  2. [S4] Reference

    Axtell et al. (2014) -- first large-scale computational housing model with millions of agents

    Reference

  3. [S5] Reference

    Ge (2017) -- endogenous bank behavior and mortgage contract heterogeneity in housing ABM

    Reference

  4. [S6] Reference

    Chan-Lau (2017) and Bookstaber, Paddrik, and Tivnan (2018) -- neighboring macro-financial ABMs for balance-sheet and funding-stress propagation

    Reference

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