Development Roadmap

A roadmap for agent-based model development.

Parameter Rule Makers

Government

• Pure Expenditures are set within a framework based on a combination of Treasury View rules (See Godley & Lavoie, chapter 5, pp 147-165) and Central Bank system advice.
• Taxation: See the taxation themes post.

Central Bank

• The policy interest rate function is informed by model macro data. See the macro-data recording post.
• Expectations Management: The interest rate decision is made available to all agents in the next step.

Parameter Rule Takers

Producer(s)

• May employ multiple agents in order to service the demands of both Government and Household(s).

Household(s)

• Are created,
  • discuss their wealth with other Household agents (of the same type),
  • make asset portfolio calculations that reflect Central Bank rate expectations,
• are removed.