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A Simplified 'Benchmark” Stock-flow Consistent (SFC) Post-Keynesian Growth Model

Claudio H. Dos Santos and Gennaro Zezza

Economics Working Paper Archive from Levy Economics Institute

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 early stages. This paper attempts to offer a contribution to this line of research by presenting a simplified Post-Keynesian SFC growth model with well-defined dynamic properties, and using it to shed light on the merits and limitations of the current heterodox SFC literature.

Date: 2007-06
New Economics Papers: this item is included in nep-mac and nep-pke
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Citations: View citations in EconPapers (6)

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