Keynesian theorising during hard times: stock-flow consistent models as an unexplored 'frontier' of Keynesian macroeconomics

Claudio H. Dos Santos

Cambridge Journal of Economics, 2006, vol. 30, issue 4, 541-565

Abstract: This paper argues that the stock-flow consistent approach to macroeconomic modelling (SFCA) is a natural outcome of the path taken by Keynesian macroeconomic thought in the 1960s and 1970s, a theoretical 'frontier' that remained largely unexplored with the end of Keynesian academic hegemony. It does so in two steps. First, it phrases the representative views of Davidson, Godley, Minsky and Tobin as different 'closures' of the same (SFC) accounting framework, calling attention to their similarities and logical implications. Second, it discusses unresolved issues within this approach and how it differs from 'modern' theorising. Copyright 2006, Oxford University Press.

Date: 2006
References: Add references at CitEc
Citations: View citations in EconPapers (8)

Downloads: (external link)
http://hdl.handle.net/10.1093/cje/bei069 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:cambje:v:30:y:2006:i:4:p:541-565

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Cambridge Journal of Economics is currently edited by Jacqui Lagrue

More articles in Cambridge Journal of Economics from Cambridge Political Economy Society Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK.
Bibliographic data for series maintained by Oxford University Press ().