SALLE, Isabelle; ZUMPE, Martin; YILDIZOGLU, Murat; … - Groupe de Recherche en Économie Théorique et … - 2012
We propose an agent-based macroeconomic model (ABM) inspired by the New Keynesian general equilibrium model (NKM, Woodford 2003). We analyse the aggregate economic dynamics resulting from social learning of agents (households and firms). Households’ labour supply and consumption demand, as...