Model Run USA: Parameters
- Governments = 1
- Producer Households = 100
- Consumer Households = 110
USA total managed expenditure (quarterly) data source starting 1960.
U.S. Bureau of Economic Analysis, Government total expenditures [W068RCQ027SBEA], retrieved from FRED, Federal Reserve Bank of St. Louis; https://fred.stlouisfed.org/series/W068RCQ027SBEA
Stimulus Distribution & Employment
At the beginning of every model run iteration all producer household agents receive an equal share of government stimulus for the period. Every producer household agent will subsequently employ (by random choice) one unemployed consumer household agent. A consumer household agent cannot be employed more than once in the current iteration. Structural unemployment is set at nine percent of the consumer household population.
Flat Rate Taxation
Set at 37% of all consumer agent income.
- Proportion of disposable income: 60%
- Proportion of (agent wealth) at the opening of the period (quarter): 40%