A United Kingdom of Great Britain and Northern Ireland (UK) Perspective. Part of a self-directed learning project .
Project
An agent-based (computational) model consumes real-world UK economic time-series data beginning Q1 1974 to the latest available. A model run may go beyond the latest available data. To this end, open-ended development seeks to incrementally augment model agent decision-making, specifically the logic of government and central bank with respect to expenditures, taxation and monetary policy decisions respectively.
Goal
To better understand the institutional arrangements and outputs of a condensed modern money system. See a goal extended .
Supposition
A macro-financial regime is a particular combination of monetary, fiscal, and financial institutions, the governance strategy of a state, that shapes the creation and allocation of money. The UK Government money system, its long-term Gilt dynamics, are bound by the parameter rules set within a particular macro-financial regime.
A gilt is a UK Government liability denominated in sterling, issued by the UK Treasury and listed on the London Stock Exchange. The term gilt or gilt-edged security is a reference to the primary characteristic of gilts as an investment: their security.
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