Winter is possibly not coming: mitigating financial instability in an agent-based model with interbank market

DOI10.1016/J.JEDC.2020.103937MaRDI QIDQ2661645zbMATH OpenOpenAlexFDO

Authors Lilit Popoyan, Mauro Napoletano, Andrea Roventini

Publication date 7 April 2021

Published in Journal of Economic Dynamics and Control (Search for Journal in Brave)

Full work available at URL https://spire.sciencespo.fr/hdl:/2441/1j4v8sl4fc9a49ankmnhv6bb6a

zbMATH Keywords

agent-based modelsBasel III regulationfinancial instabilityinterbank market freezesmacro-prudential policymonetary policyTinbergen principle

Mathematics Subject Classification ID

Game theory, economics, finance, and other social and behavioral sciences (91-XX)

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Cites work

• A search-based model of the interbank money market and monetary policy implementation
• Agent based-stock flow consistent macroeconomics: towards a benchmark model
• Emergent dynamics of a macroeconomic agent based model with capital and credit
• Fiscal and monetary policies in complex evolving economies
• Income distribution, credit and fiscal policies in an agent-based Keynesian model
• Junior Can't Borrow: A New Perspective on the Equity Premium Puzzle
• Leaning against boom-bust cycles in credit and housing prices
• Schumpeter meeting Keynes: a policy-friendly model of endogenous growth and business cycles
• Stabilizing an unstable complex economy on the limitations of simple rules
• The effects of interbank networks on efficiency and stability in a macroeconomic agent-based model
• The financial accelerator in an evolving credit network
• The financial instability hypothesis: a stochastic microfoundation framework
• The impact of Basel III on financial (in)stability: an agent-based credit network approach
• To bail-out or to bail-in? Answers from an agent-based model
• Trade dynamics in the market for federal funds

Cited in

(6)

• Financial regulations and bank credit to the real economy
• Interbank loans, collateral and modern monetary policy
• The effects of interbank networks on efficiency and stability in a macroeconomic agent-based model
• Automated and distributed statistical analysis of economic agent-based models
• The impacts of interest rates on banks' loan portfolio risk-taking
• Interactions between monetary and macroprudential policies

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