Erlingsson, Einar Jon; Cincotti, Silvano; Stefansson, Hlynur - 2013
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 …
