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A Simplified Stock-Flow Consistent Post-Keynesian Growth Model

Author

Listed:
  • Claudio Dos Santos

    (The Levy Economics Institute)

  • Gennaro Zezza

    (The Levy Economics Institute & University of Cassino, Italy)

Abstract

A Simplified Stock-Flow Consistent Post-Keynesian Growth Model Claudio H. Dos Santos* and Gennaro Zezza** Abstract: Despite being arguably the most rigorous form of structuralist/post-Keynesian macroeconomics, stock-flow consistent models are quite often complex and difficult to deal with. This paper presents a model that, despite retaining the methodological advantages of the stock-flow consistent method, is intuitive enough to be taught at an undergraduate level. Moreover, the model can easily be made more complex to shed light on a wealth of specific issues.

Suggested Citation

  • Claudio Dos Santos & Gennaro Zezza, 2005. "A Simplified Stock-Flow Consistent Post-Keynesian Growth Model," Macroeconomics 0504019, EconWPA.
  • Handle: RePEc:wpa:wuwpma:0504019
    Note: Type of Document - pdf; pages: 30
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    Cited by:

    1. Mickaël Clévenot & Yann Guy & Jacques Mazier, 2009. "Equity and debt in a financialised economy: the French case," Working Papers hal-00435685, HAL.
    2. Matthieu Charpe & Peter Flaschel, 2011. "Worker debt, default ans diversity of financial fragility," IMK Working Paper 5-2011, IMK at the Hans Boeckler Foundation, Macroeconomic Policy Institute.
    3. Wynne Godley & Marc Lavoie, 2006. "Prolegomena to Realistic Monetary Macroeconomics: A Theory of Intelligible Sequences," Economics Working Paper Archive wp_441, Levy Economics Institute.
    4. Mickaël Clévenot & Yann Guy & Jacques Mazier, 2009. "Equity and debt in a financialised economy: the French case," CEPN Working Papers hal-00435685, HAL.
    5. Charpe, Matthieu & Flaschel, Peter, 2013. "Workers’ debt, default and the diversity of financial fragilities," Structural Change and Economic Dynamics, Elsevier, vol. 27(C), pages 48-65.
    6. Robert W. Parenteau, 2006. "U.S. Household Deficit Spending: A Rendezvous with Reality," Economics Public Policy Brief Archive ppb_88, Levy Economics Institute.
    7. Yann Guy, 2010. "Industrial Major Firms Investments in a Financialized Context," Working Papers hal-00402021, HAL.

    More about this item

    Keywords

    Post-Keynesian Growth; Stock-Flow Consistency; Real-Financial Interactions;

    JEL classification:

    • E12 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Keynes; Keynesian; Post-Keynesian
    • E17 - Macroeconomics and Monetary Economics - - General Aggregative Models - - - Forecasting and Simulation: Models and Applications
    • E44 - Macroeconomics and Monetary Economics - - Money and Interest Rates - - - Financial Markets and the Macroeconomy
    • E60 - Macroeconomics and Monetary Economics - - Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook - - - General

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