Hi Pieter,
I ran your model. Congratulations from an old guy who builds models.
Certainly your work allows you to reason about the effects of
choices at the micro level.
Two remarks, without having given it too much thought: (i) at the micro
level, you could add the circuit of wages producing taxes and
consumption and savings and arising from private sector labor but also
from government employment; (ii) at the macro level, excess imports
correspond to negative savings, but also produce a flow of capital that
buys government debt.
Greetings, Pietro from Italy
Il 01/05/25 19:47, Pieter Steenekamp ha scritto:
I made a very "quick and dirty" start on developing an agent-based
macroeconomic model.
Posted about it on X:
https://x.com/pietersteenekam/status/1917995128678986170 , the post
reads as follows:
Me: “Let’s understand global macroeconomic policy better.”
Also me: Builds a crude ABM with AI because economists can’t agree on
tariffs.
Is it useful? Not yet.
Is it cool? Heck yes.
🔗 https://github.com/pieterSteenekamp/bottom-up-macroeconomics";
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