Assenza, Tiziana; Delli Gatti, Domenico; Grazzini, Jakob - In: Journal of Economic Dynamics and Control 50 (2015) C, pp. 5-28
In this paper we present and discuss a Macroeconomic Agent-Based Model with Capital and Credit (CC-MABM) which builds … framework consists in the introduction of a stylized supply chain where upstream firms – i.e. producers of capital goods (K …-firms) – supply a durable and sticky input (capital) to the downstream firms, who produce consumption goods (C-firms) to be sold to …