Jamel

Jamel (Java Agent-based MacroEconomic Laboratory) is a free java framework that can generate a wide variety of macroeconomic simulations.

See:
Description

Packages

jamel.agents.firms	Provides classes for the firms.
jamel.agents.households	Provides classes for the households.
jamel.agents.roles	Provides interfaces representing the roles the agents play.
jamel.circuit	The central classes of Jamel.
jamel.markets	Provides bases classes for the interactions on the markets.
jamel.spheres.monetary	Provides classes and interfaces for the bank and monetary objects.
jamel.spheres.real	Provides classes for real objects.
jamel.util

Jamel (Java Agent-based MacroEconomic Laboratory) is a free java framework that can generate a wide variety of macroeconomic simulations. This framework implements a macroeconomic model which closely associates Keynesian thinking and an agent-based computational approach.

In Jamel, the stock of money is only made up of deposit money, created by bank credit for production financing. There is a single consumer good. The production and the price levels are fixed by the firms according to demand.

The model is composed of a large number of autonomous agents (firms, households) who are in direct interactions. However, the banking sector is --- in the present version of the model --- represented by a single bank.

Firms and households meet on the goods market and the labor market. Markets are nothing but places where agents establish direct and decentralized relationships. Agents have a bounded rationality. They do not have access to any macroeconomic information. There are as many prices and wages as there are firms.

Equilibrium is not a condition of the model which evolves dynamically from one period to another. The one and only condition for the reproduction of the model is that the constraint of monetary reflux --- imposed by the nature of credit money --- is respected.

Note: To get the latest version of the code source, please send me an email at pascal.seppecher@unice.fr.

Last update: July-2012.