Unconventional monetary policies in an agent-based model with mark-to-market standards - Sciences Po Access content directly
Other Publications Review of Evolutionary Political Economy Year : 2022

Unconventional monetary policies in an agent-based model with mark-to-market standards

Abstract

We employ an agent-based model to shed light on the macroeconomic effects of accounting principles, unconventional monetary policies, and of their possible interactions. If mark-to-market accounting standards may entail positive feedbacks which amplify economic or financial shocks, unconventional policies may introduce negative feedbacks that might dampen instabilities in financial and real markets. For these reasons, we jointly study these two sets of policies by employing a modified version of the Schumpeter meeting Keynes (K+S) macroeconomic agent-based model.

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hal-03970259 , version 1 (02-02-2023)

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Mattia Guerini, Francesco Lamperti, Mauro Napoletano, Andrea Roventini, Tania Treibich. Unconventional monetary policies in an agent-based model with mark-to-market standards. 2022, pp.73-107. ⟨10.1007/s43253-022-00065-8⟩. ⟨hal-03970259⟩
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