📄️ ABMLP-X Overview
Agent-Based Model Liquidity Preference-X (ABMLP-X) is an interpretation, an open ended development of the third sectoral system described by Wynne Godley and Marc Lavoie (G&L) in their book Monetary Economics.
📄️ ABMLP-X Government
View a code gist of Government agent attributes.
📄️ ABMLP-X Producer
View a code gist of Producer agent attributes.
📄️ ABMLP-X Household
All Households make decisions regarding the amount of income taxation to pay on income received in the current step (see Tax Module). A Household will then update its current wealth before deciding how much of that wealth to keep as cash money. Any remaining wealth is invested in a portfolio of interest-bearing money instruments.
📄️ ABMLP-X Theia
View a code gist of the Theia agent class.
📄️ ABMLP-X Central Bank
Last, but not least, the Central Bank agent responds in every model step; setting the interest rate on interest bearing money instruments (bills). Profits on the holding of bills previously purchased, if any, are returned to the Government. New cash money supplied to Households by the Central Bank is simply equal to the amount of bills purchased by the Central Bank.