Title :
An Approach of Monetary Policy Simulation by Agent-Based Model
Author :
Xiao, Xiao ; Tian, Jianwei ; Xu, Minjie
Author_Institution :
Sch. of Bus. & Adm., North China Electr. Power Univ., Beijing, China
Abstract :
Multi-Agent System (MAS) is developed to organize agents as participants of real economic world. On support of macro-statistics, agent´s status and interaction with others will lead to evolution of the whole economic system. The effectiveness of monetary policy tools as reserve ratio and open-market operation promulgated by central bank is validated through implementing Monetary Policy Simulation System (MPSS).
Keywords :
banking; digital simulation; economics; financial data processing; multi-agent systems; agent-based model; central bank; economic system; macro-statistics; monetary policy simulation system; multiagent system; open-market operation; reserve ratio; Multi-Agent System; monetary policy; policy simulation;
Conference_Titel :
Computational Intelligence and Design (ISCID), 2010 International Symposium on
Conference_Location :
Hangzhou
Print_ISBN :
978-1-4244-8094-4
DOI :
10.1109/ISCID.2010.122
