Section group
Economic System Model
The agents, stocks/flows and feedback structure this architecture treats as the system being controlled.
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Sections
Economic Agents
Heterogeneous households, firms, banks, investors and government, each responding differently to the same policy signal.
Stocks, Flows and Balance Sheets
Money, credit, debt and asset prices as explicit, coupled stocks rather than a single aggregate.
Feedback, Behaviour and Disturbances
The state-space representation, why behaviour cannot be treated as fixed, and why policy needs to be robust to disturbances it cannot control.