macroeconomics

V-, U-, L-, or W-shaped economic recovery after COVID-19: Insights from an Agent Based Model

We study the impact of the coronavirus induced economic shocks and possible recovery scenarios using an agent-based model. We show that depending on the shock parameters(amplitude and duration), the economy can show V-shaped, U-shaped and L-shaped recoveries.

Good speciation and endogenous business cycles in a constraint satisfaction macroeconomic model

Prototype macroeconomic agent-based model with a constraint-satisfaction problem at its core.