This paper presents a complex, modular, 1:1 scale model of the Hungarian residential housing market. All the 4 million house- holds and their relevant characteristics are represented based on empirical micro-level data coming from the Central Credit Information System, the Pension Payment...

In this paper, we have developed an agent-based Keynesian macro model that features a detailed representation of a banking system, besides households and firms, and in which fiscal, monetary and macroprudential policy regulators also operate. The banking system generates longer credit cycles on...