JMAB

is a simulation tool suite developed by Antoine Godin and me designed for AB-SFC macroeconomic modeling. It is based on JAVA an Object Oriented Programming and it is built on the top of the JABM auction simulator developed by Steve Phelps for AB financial model.

JMAB was originally developed within the AB-SFC Program - Taskforce on Macroeconomic Efficiency and Instability at the Institute for New Economic Thinking (INET).

The JMAB Simulation tool kit is freely available on Git-Hub at this link. The JMAB Git-Hub page also allows to download the JABM tool suite here.

The tool kit comes with some additional material to help you get started:

• a provisory installation and user guide

• a brief overview of JMAB features

• a more detailed description of JMAB

Here a more discursive presentation of the JMAB project.

Once installed JMAB, you can download the specific JMAB packages implementing the models presented in the following articles:

• “Agent Based-Stock Flow Consistent Macroeconomics: Towards a Benchmark Model” (Caiani, A., Godin, A., Caverzasi, E., Gallegati, M., Kinsella, S. and Stiglitz, J.), Journal of Economic Dynamics and Control (Elsevier), 6/2016, Vol.69.

• “Does Inequality Hamper Innovation and Growth?” (Caiani, A., Russo, A. and Gallegati, M., 2018), Journal of Evolutionary Economics (Springer), 2/2018, Vol.29 (1), pp.177-228. “Are Higher Wages Good for Business? An Assessment Under Alternative Innovation and Investment Scenarios” (Caiani, A., Russo, A. and Gallegati, M.), Macroeconomic Dynamics (Cambridge University Press). Published online by Cambridge University Press: 04 July 2018

• “Monetary Policy Transmission in a Macroeconomic Agent Based Model” (Schasfoort, J., Godin, A., Bezemer, D., Caiani, A., and Kinsella, S., 2018), Advances in Complex Systems (World Scientific) 2018; Vol. 25(1).