This paper studies the effects of introducing a Central Bank Digital Currency (CBDC) on economic output, bank intermediation and financial stability in a closed economy using an Agentbased Stock Flow Consistent (AB-SFC) Model. Thereby a digital bank run is simulated across various economic...

Financial-macroeconomic agent-based models offer a promising avenue for understanding complex economic interactions, but their use is hindered by challenging empirical estimation. Our paper addresses this gap by constructing a stylized integrated model and estimating its core parameters using US...

How to conceive industrial policies as development instruments distinct from trade or fiscal-deduction interventions? How can we model and study the role of state-owned enterprises (SOEs) as agents of industrial policy? How can we model their main attributes and architectures? Drawing on the...