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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Persistent link: https://EconPapers.repec.org/RePEc:lev:wrkpap:wp_503
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