ModelSIM Run USA

  • Output

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    Money Supply Velocity

    Money supply velocity is calculated as such: Change, from one financial quarter to the next, in net-financial asset flow as a percentage of income (GDP).

    Money Supply.

    Fiscal Balance

    This is the government sector fiscal balance, either in surplus (a money flow away from the non-government sector), or more typically (and always in ModelSIM), in deficit (a money flow toward the non-government sector).

    Fiscal Balance.

    Fiscal Balance. (Pre Covid-19 Pandemic)

    Consumer Rating

    At every iteration, each producer agent will receive an equal share of government stimulus. Each producer will subsequently employ (by random choice) one of the consumer agents. A producer agent will check to see if the consumer agent is currently unemployed (has not been previously employed by another producer agent), else the random selection is repeated.

    Consumer agent (rating) approval, disapproval or ambivalence of the Government agent will depend on individual wealth (cash equity) at the end of each model iteration. A consumer agent will record an 'approval' rating if it has achieved a new wealth 'high' at the end of the current iteration.

    'Ambivalence' is recorded if the agent does not achieve a new wealth 'high', but on communicating with another random consumer agent, discovers that its wealth is greater than that of the other consumer agent.

    'Disapproval' is recorded when a consumer agent does not achieve a new wealth 'high' and on communicating with another random consumer agent, discovers that its own wealth is either less than or equal to that of the other consumer agent.

    Consumer Rating.

  • Model Run Parameters

    Population

    • Government Agent = 1
    • Producer Agents = 100
    • Consumer Agents = 110

    Stimulus

    USA total managed expenditure (quarterly) data source starting 1960.

    U.S. Bureau of Economic Analysis, Government total expenditures [W068RCQ027SBEA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/W068RCQ027SBEA

    Stimulus Distribution & Employment

    At the beginning of every model run iteration all producer household agents receive an equal share of government stimulus for the period. Every producer household agent will subsequently employ (by random choice) one unemployed consumer household agent. A consumer household agent cannot be employed more than once in the current iteration. Structural unemployment is set at nine percent of the consumer household population.

    Flat Rate Taxation

    Set at 37% of all consumer agent income.

    Consumption function

    • Proportion of disposable income: 60%
    • Proportion of (agent wealth) at the opening of the period (quarter): 40%