%0 Journal Article
%T Monetary Policy Experiments in an Agent-Based Macroeconomic Model
%A Elder Mauricio Silva
%A Guilherme Moura
%A Sergio Da Silva
%J Open Access Library Journal
%V 8
%N 5
%P 1-14
%@ 2333-9721
%D 2021
%I Open Access Library
%R 10.4236/oalib.1107471
%X We consider an interbank market and a central bank in an agent-based macroeconomic model with credit and capital to evaluate the effects of monetary policies¡ªconventional and quantitative easing. We find quantitative easing outperforms Taylor¡¯s rule-style policies in smoothing out the business cycle.
%K Agent-Based Macroeconomic Model
%K Monetary Policy
%K Financial Crises
%K Taylor¡¯s Rule
%K Quantitative Easing
%K Business Cycles
%U http://www.oalib.com/paper/6756136