Financialization and Shadow Banking in a Stock-Flow Consistent Macroeconomic Agent-Based Model

01 October 2021 → 31 October 2021
Regional and community funding: Special Research Fund
Research disciplines
  • Social sciences
    • General aggregative models
    • Monetary policy, central banking and the supply of money and credit
    • Macroeconomics and monetary economics not elsewhere classified
Stock-Flow Consistent Macroeconomic Agent-Based Models Financialization Shadow Banking
Project description

Using a stock-flow consistent macroeconomic agent-based model, it is examined to what degree increased earnings concentration, rising share buyback volumes, central bank asset purchase programs and macroprudential regulations can account for financialization trends of the US economy. In addition, it is investigated how a variety of policy measures would have been effective in slowing down the shadow banking system’s expansion.