In this paper the authors present an agent-based model of a credit network economy. The artificial economy includes … market, the labor market, the credit market and the housing market. A set of computational experiments, based on numerical … conditions required by the banking system to grant a mortgage. The authors find that easier access to credit inflates housing …

This paper investigates the housing and mortgage markets by means of an agent-based macroeconomic model of a credit … households’ creditworthiness conditions required by banks in order to grant a mortgage. Results show that easier access to credit …

by few banks who lend most of the credit to the real sector while borrowing interbank liquidity. The other shows a higher …

interbank and credit markets and the policy responses to mitigate its impact on the real economy. The model is populated by … heterogenous firms, consumers, and banks that locally interact in different markets. In particular, banks provide credit to firms … of last resort. Moreover, we find that the joint adoption of a three mandate Taylor rule tackling credit growth and the …

-mandate Taylor rule, focused on output gap, inflation and credit growth, and a Basel III prudential regulation is the best policy mix …

The paper presents an agent-based model of a credit economy which includes a securitisation process and a bailout … to detect only the on-balance sheet changes in banks' credit exposure. We consider two additional indicators, similar to …

firms, consumers, and banks interacting locally in different markets. In particular, banks provide credit to firms according …