Matheus clarifies.
Quantitative Finance: Foundations and Applications
Of course it's a model, duh! A final post on income, expenditure, and endogenous money
Matheus Grasselli | Associate Professor and Sharcnet Chair in Financial Mathematics working with the PhiMac group in the Department of Mathematics and Statistics at McMaster University, currently Deputy Director at the Fields Institute
Here is his previous post, which had not yet been link to here at MNE through an oversight on my part.
More on income, expenditure, and endogenous money - a non-vacuous response
Matheus Grasselli
I am not in a position to speak authoritatively on this matter, but it seems to me that everyone involved is on same side, and trying to get the Keen-Minsky model sharpened for debate with the real opponents. The people who are experienced in finance and accounting as simply trying to clear up areas that don't seem to them to be stock-flow consistent, which is a major objection to mainstream models. So let's all work together to test the strengthen and keenness (no pun intended) of this blade before it is used in combat.
