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Information Journal Paper

Title

Stock flow consistent models in macroeconomic

Pages

  75-104

Abstract

 In recent years, Stock Flow Consistent Models (SFC) have been receiving considerable attention from economists, especially Post-Keynesian economists. In recent years SFC models’ capability in prediction of economic crisis in 2008 along with the publication of a book entitled Monetary Economics, by Wynne Godley and Marc Lavoie turned a new light on the importance of these models. These models use accounting approach for economic modeling and provides a framework for treating the financial and the real sides of the economy in an integrated way and predict endogenous shocks. Moreover, to describe the behavior of economic agents, SFC models take the advantage of behavioral equation. The purpose of this study is to explain the fundamentals of SFC models and to employ them for assessment of monetary and fiscal policy. Considering the fact that the SFC models can be developed using distinctive approaches, we structured a SFC model employing Neoclassic and Post-Keynesian and calculating steady state, to analyze the impact of monetary and fiscal policy within the framework of the developed model.

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  • Cite

    APA: Copy

    Asgari Dehabadi, Mohammad Mahdi, & NASSIRI AGHDAM, ALI. (2020). Stock flow consistent models in macroeconomic. JOURNAL OF ECONOMIC STUDIES AND POLICIES, 6(2 (12) ), 75-104. SID. https://sid.ir/paper/382470/en

    Vancouver: Copy

    Asgari Dehabadi Mohammad Mahdi, NASSIRI AGHDAM ALI. Stock flow consistent models in macroeconomic. JOURNAL OF ECONOMIC STUDIES AND POLICIES[Internet]. 2020;6(2 (12) ):75-104. Available from: https://sid.ir/paper/382470/en

    IEEE: Copy

    Mohammad Mahdi Asgari Dehabadi, and ALI NASSIRI AGHDAM, “Stock flow consistent models in macroeconomic,” JOURNAL OF ECONOMIC STUDIES AND POLICIES, vol. 6, no. 2 (12) , pp. 75–104, 2020, [Online]. Available: https://sid.ir/paper/382470/en

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