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<font size="4" face="EB Garamond"> Hi Pieter,<br>
<br>
I ran your model. Congratulations from an old guy who builds
models. <br>
<br>
Certainly your work allows you to reason about the effects of
choices at the micro level.<br>
Two remarks, without having given it too much thought: (i) at the
micro level, you could add the circuit of wages producing taxes
and consumption and savings and arising from private sector labor
but also from government employment; (ii) at the macro level,
excess imports correspond to negative savings, but also produce a
flow of capital that buys government debt.<br>
<br>
Greetings, Pietro from Italy<br>
</font><br>
<br>
<div class="moz-cite-prefix">Il 01/05/25 19:47, Pieter Steenekamp ha
scritto:<br>
</div>
<blockquote type="cite"
cite="mid:CAPerSO+a1SSO5YdV1LmAO0ZafSiHDioA-=+c+6wBUzSkPY0y9w@mail.gmail.com">
<meta http-equiv="content-type" content="text/html; charset=UTF-8">
<div dir="ltr">I made a very "quick and dirty" start on developing
an agent-based macroeconomic model.<br>
<br>
Posted about it on X: <a
href="https://x.com/pietersteenekam/status/1917995128678986170"
moz-do-not-send="true" class="moz-txt-link-freetext">https://x.com/pietersteenekam/status/1917995128678986170</a>
, the post reads as follows:<br>
<br>
Me: “Let’s understand global macroeconomic policy better.”<br>
Also me: Builds a crude ABM with AI because economists can’t
agree on tariffs.<br>
<br>
Is it useful? Not yet.<br>
Is it cool? Heck yes.<br>
<br>
🔗 <a
href="https://github.com/pieterSteenekamp/bottom-up-macroeconomics"
moz-do-not-send="true" class="moz-txt-link-freetext">https://github.com/pieterSteenekamp/bottom-up-macroeconomics</a>"<br>
</div>
<br>
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<pre class="moz-signature" cols="72">--
Democrito, che ’l mondo a caso pone (Inferno, IV, 136)
"It is the hallmark of any deep truth that its negation is also a deep truth." Niels Bohr.
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