From National Accounting to Macroeconomic Flows

Woongki Lee
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Woongki Lee: Yonsei University

No cq5t3_v1, SocArXiv from Center for Open Science

Abstract: This study develops a macroeconomic framework that integrates the household, business, government, and foreign sectors. At the center of the analysis is the circulation of value and funds across the economy through cash flows associated with issuer-holder financing. The framework clarifies the relations among major macroeconomic aggregates. In particular, by treating money creation as part of value supply, it provides a systematic basis for analyzing how monetary operations affect transactions across sectors.

Date: 2026-08-07
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Persistent link: https://EconPapers.repec.org/RePEc:osf:socarx:cq5t3_v1

DOI: 10.31235/osf.io/cq5t3_v1

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