Financial Crisis and International Imbalances: An Agent-Based Stock-Flow Consistent Model
Sprache der Bezeichnung:
Englisch
Original Kurzfassung:
The aim of this project is to gain a deeper understanding of a) the financial sector dynamics that led to the financial crisis of 2007/2008 and b) the impact of the crisis on the Eurozone. For this purpose we will employ the innovative technique of Agent-Based Stock-Flow Consistent Modelling (AB-SFC) (Caiani et al., 2016). We will draw on previous work in Kapeller and Schütz (2014) and Kapeller et al. (2018) to develop an AB-SFC that captures essential features of pre- and post-crisis developments in the Eurozone.