Great interview on INET. I hope you can get funding from them to build upon your stock-flow consistent model a la your "Words to the Wise" paper? Steve Keen managed the INET funding for his credit economy model based on systems dynamics.
On a related note with respect to what has happened in Ireland, there is a lot of concern from policymakers about the level of household indebtedness in Canada and when would be the inflection point for a real estate correction but this is difficult to model as there (intuitively) appears to be capital flight from abroad that is helping to prop up the housing market, especially in places like Vancouver and Toronto, but I don't have the data to back up this assertion. The two positives here (versus Ireland) are obvious: independent monetary policy and a banking regulatory regime that limits the amount of leverage of banks in addition to the Basel frameworks.
Great interview on INET. I hope you can get funding from them to build upon your stock-flow consistent model a la your "Words to the Wise" paper? Steve Keen managed the INET funding for his credit economy model based on systems dynamics.
On a related note with respect to what has happened in Ireland, there is a lot of concern from policymakers about the level of household indebtedness in Canada and when would be the inflection point for a real estate correction but this is difficult to model as there (intuitively) appears to be capital flight from abroad that is helping to prop up the housing market, especially in places like Vancouver and Toronto, but I don't have the data to back up this assertion. The two positives here (versus Ireland) are obvious: independent monetary policy and a banking regulatory regime that limits the amount of leverage of banks in addition to the Basel frameworks.
Cheers Arijit, the project will jump forward once a post-doc arrives in the new year. Really looking forward to getting stuck into it.