Peering over the edge of the short period? The Keynesian roots of stock-flow consistent macroeconomic models

Antonio Carlos Macedo e Silva and Claudio H. Dos Santos

Cambridge Journal of Economics, 2011, vol. 35, issue 1, 105-124

Abstract: This work argues that institutionally rich stock-flow consistent models--i.e. models in which economic agents are identified with the main social categories/institutional sectors of actual capitalist economies, the short-period behaviour of these agents is thoroughly described, and the 'period by period' balance sheet dynamics implied by the latter is consistently modelled--are (i) perfectly compatible with Keynes' theoretical views, (ii) the ideal tool for rigorous post-Keynesian analyses of the medium run and, therefore, (iii) crucial to the consolidation of the broad post-Keynesian research programme. Copyright The Author 2009. Published by Oxford University Press on behalf of the Cambridge Political Economy Society. All rights reserved., Oxford University Press.

Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (9)

Downloads: (external link)
http://hdl.handle.net/10.1093/cje/bep083 (application/pdf)
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:35:y:2011:i:1:p:105-124

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 ().