The model can be simulated under two expectation setups: (i) in a model consistent manner, and (ii) under the assumption of bounded rationality where agents form expectations with a small-scale VAR model. Other expectation formation mechanisms, such as learning or the use of market expectations, are also easily implementable.
And last year, for example, OeNB and Bundesbank experts joined together to study whether blockchain technology can aid in the exchange and distribution of information between clearing houses in real time. The extensive IT expertise of our Austrian colleagues was especially valuable to the project.