Meijers H.H.M.; Nomaler Z.O.; Verspagen B. - United Nations University-Maastricht Economic Research … - 2014
We develop a microsimulation model for the macroeconomic business cycle. Our model is based on three main ideas i we want to specify how macroeconomic coordination is achieved without a dominating influence of price mechanisms, ii we want to incorporate the stock-flow-consistent approach that...