Modelling a Speculative Housing Market in a Stock-Flow Consistent Framework

Abstract

First and foremost I sincerely thank my supervisor Marc Lavoie for the many discussions, advice and knowledge he passed on to me, without which this paper would never have been possible. Second I would like to thank Antoine Godin, Eugenio Caverzasi and Stephen Kinsella who organized the Winter School on stock-flow consistent and agent based modelling at the University of Limerick where I learned to program SFC models. Third I would like to thank my colleague Daniel Detzer who I met at the Winter School and my friends Drew Penner and Dan Clearwater who helped me clarify my early ideas and discussions on programing SFC models. Finally my Father Jim and Aunt Becky for the support and encouragement they gave me throughout the process of writing this paper.