The models I present here are based on those within the text Monetary Economics by Godley and Lavoie, from Chapter 2. I have simplified the notation. It should be noted that these concepts are similar to those found within earlier Keynesian models. Since I want to focus on how stock-flow norms work within these models, I do not want to get distracted with the history of the concept. The text discusses the history as well as giving further references.Bond Economics
Primer: Understanding Stock – Flow Norms
Brian Romanchuk
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