Is It Possible to Visualise Any Stock Flow Consistent Model as a Directed Acyclic Graph?

Peter G. Fennell, David J. P. O’Sullivan, Antoine Godin and Stephen Kinsella ()
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Peter G. Fennell: University of Limerick
David J. P. O’Sullivan: University of Limerick

Computational Economics, 2016, vol. 48, issue 2, No 6, 307-316

Abstract: Abstract Yes it is. We rigorously demonstrate the equivalence of any stock flow consistent (SFC) model to a directed acyclic graph (DAG) using condensation graphs. The equivalence between stock flow models and DAGs is useful both for visualising large-scale macroeconomic models of this type and for inferring causality within these models. We developed a new package to build and simulate any SFC model and generate the corresponding DAGs, and we provide an example of this package using a well known model from the literature.

Keywords: Stock flow consistent models; Directed graphs; Macroeconomic modeling (search for similar items in EconPapers)
JEL-codes: E01 E12 E17 (search for similar items in EconPapers)
Date: 2016
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Citations: View citations in EconPapers (2)

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DOI: 10.1007/s10614-015-9521-8

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