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A Vertical Social Accounting Matrix of the U.S. Economy

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Abstract

This paper presents an adaptation ofthe square social accounting matrix used in economic planning and programming to the rectangular or vertical transaction matrix used in post-Keynesian monetary economics. The objective is to obtain a simple and intuitive framework to organize macroeconomic data in terms of the main institutional sectors of the economy, showing how production, distribution, demand and financing are inter-related.

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  • Nelson H. Barbosa-Filho, 2017. "A Vertical Social Accounting Matrix of the U.S. Economy," SCEPA working paper series. 2017-03, Schwartz Center for Economic Policy Analysis (SCEPA), The New School.
    • Handle: RePEc:epa:cepawp:2017-03
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    Keywords

    Planning; Transaction Matrix; Post-Keynesian; Monetary;
    All these keywords.

    JEL classification:

    • E1 - Macroeconomics and Monetary Economics - - General Aggregative Models
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

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