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Simple open economy macro with comprehensive accounting a radical alternative to the Mundell Fleming model
(CFAP, Cambridge Judge Business School, University of Cambridge, 2004-04)
This paper presents a stock flow model of two economies (together comprising the whole world) which trade goods and financial assets with one another. The accounting framework, though comprehensive in its own terms, is ...
Features of a realistic banking system within a post-Keynesian stock-flow consistent model
(CFAP, Cambridge Judge Business School, University of Cambridge, 2004)
Towards a reconstruction of macroeconomics using a stock flow consistent (SFC) model
(CFAP, Cambridge Judge Business School, University of Cambridge, 2004-05)
This paper aims to rehabilitate “stock flow consistent” (SFC) macroeconomics as a radical alternative to the neo-classical approach which has dominated the subject during the last thirty years. Commercial banks are reckoned ...