credit growth supports GDP growth while saving is irrelevant for credit growth and GDP growth. In sum, a correct … misrepresentation of the role of banks and liquidity creation and the role of household saving. After a critical discussion of the …

private savings, private sector credit, public sector credit, interest rate spread, exchange rates and economic growth. We …

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 …

Minskian (credit cycle) elements feed back into the meso and macro dynamics. The model is able to endogenously generate long …

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