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An agent-based macroeconomic simulator

Jamel (Java Agent-based MacroEconomic Laboratory) is a cross-platform macroeconomic simulator developed in Java. This application leads to an agent-based computational macroeconomic model with endogenous money (about the model).

A virtual laboratory

Jamel is designed as a virtual laboratory, in which the user can define the conditions of an experience, through describing the initial conditions of the studied economy (number and type of agents, behaviour parameters), eventually completed by the introduction of 'exogenous' shocks at given date. We follow 'in real time' the effects of these shocks on the system behavior, observing the main macroeconomics indicators (income distribution, unemployment, inflation, money velocity, inventory levels, capacity utilization, bankruptcies...).

Some inline interactive experiments with Jamel

• Simulating a productivity shock
• Simulating an expenditure shock
• Simulating a more flexible labour market
• Simulating the introduction of a minimum wage in a deflationist context
• Simulating a credit bubble

Licence and documentation

Jamel is a free software project targetting the Java platform. It is provided 'as is', without warranty of any kind. The application and its code source are distributed under the terms of the General Public Licence (GPL). The interested reader can find a complete description of the model in this paper.

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