RABERTO , Marco

Fiscal and monetary policies, as well as new financial instruments, could play a key role to meet the Paris Agreement. However, deep uncertainty characterizes their design and their potential effects on growth, financial and credit market stability, and inequality. We develop the EIRIN flow-of-funds behavioural model to simulate the...

We are entering the third decade of the twenty-first century with profound uncertainties and crucial challenges for the world economy. Phenomena like climate change, digital transformation, migration, demographic changes, and the ongoing COVID pandemic need to be understood and promptly addressed. We argue that the agentbased approach in...

: In this paper, we examine the impact of the circular economy on global resource extraction. To this end, we make an input-output analysis dynamic by combining it with an agent-based model of the capital sector. This approach allows us to study the evolution of the circular economy due to the endogenous decisions of firms on whether to invest...

We study the effects of loans and mortgages securitization on business cycles by using a large-scale agent-based stock–flow consistent macroeconomic model and simulator. We enriched the model by including a financial vehicle corporation, which buys loans and mortgages from banks and issues asset-backed securities (ABSs) and mortgage-backed...