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Visualising economic crises using accounting models

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  • Kinsella, Stephen

Abstract

We build and argue for new visualizations of the Irish economy based on a stock flow consistent model of the national accounts. The 2007/8 Irish crisis came from the financial sector, and these visualisations capture the interconnections between the real and financial sectors of the economy. The visualizations increase the data-density thirty to fifty times more than line graphs typically used by policy makers to guide their decisions. The many connections between the real and financial sides of the economy are made more explicit.

Suggested Citation

  • Kinsella, Stephen, 2019. "Visualising economic crises using accounting models," Accounting, Organizations and Society, Elsevier, vol. 75(C), pages 1-16.
    • Handle: RePEc:eee:aosoci:v:75:y:2019:i:c:p:1-16
    DOI: 10.1016/j.aos.2019.01.001
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    More about this item

    Keywords

    Accounting models; Visualization; Ireland;
    All these keywords.

    JEL classification:

    • E01 - Macroeconomics and Monetary Economics - - General - - - Measurement and Data on National Income and Product Accounts and Wealth; Environmental Accounts
    • E16 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Social Accounting Matrix
    • M40 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Accounting - - - General

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