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The previous experimentation has shown how a flexibility shock can lead the system to a deflation crisis.
In the curent experimentation we simulate the introduction of a minimum wage (equals 205),
restoring rigidity in the labor market after the flexibility shock.
The minimum wage is introduced in the year 2045.
The interested reader will find more details in this paper:
Seppecher, P. (2012): "Flexibility of wages
and macroeconomic instability
in an agent-based computational model
with endogenous money". Macroeconomic Dynamics, 16(s2).
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