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A Simplified, ‘Benchmark’, Stock‐Flow Consistent Post‐Keynesian Growth Model

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  • Claudio H. Dos Santos
  • Gennaro Zezza

Abstract

Despite being arguably one of the most active areas of research in heterodox macroeconomics, the study of the dynamic properties of stock‐flow consistent (SFC) growth models of financially sophisticated economies is still in its first steps. This paper attempts to offer a contribution to this line of research by presenting a simplified SFC Post‐Keynesian growth model with well‐defined dynamic properties and using it to shed light on the merits and limitations of the current heterodox SFC literature.

Suggested Citation

  • Claudio H. Dos Santos & Gennaro Zezza, 2008. "A Simplified, ‘Benchmark’, Stock‐Flow Consistent Post‐Keynesian Growth Model," Metroeconomica, Wiley Blackwell, vol. 59(3), pages 441-478, July.
    • Handle: RePEc:bla:metroe:v:59:y:2008:i:3:p:441-478
    DOI: 10.1111/j.1467-999X.2008.00316.x
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