This paper presents, with pedagogical aims, the Godley–Lavoie approach to building a Post-Keynesian stock-flow-consistent model, finding its solution, and performing simulations using E-views software. By doing so, we seek to contribute to the literature in three ways: first, presenting to the reader an accessible description of the procedures adopted by the experts; second, spreading among students and researchers a heterodox macroeconomic approach; third, showing that the accounting models are more precise to analyze the economic reality and represent an alternative to simulate the interaction between real and financial markets

Christian De la Luz-Tovar
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Christian De la Luz-Tovar: N/A

Advances in Economics Education, 2022, vol. 1, issue 1, 135-157

Keywords: stock-flow consistency; accounting models; macroeconomic models; Post-Keynesian economics (search for similar items in EconPapers)
JEL-codes: A22 B50 C65 E12 E27 (search for similar items in EconPapers)
Date: 2022
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