Erschienen in:Levy Economics Institute Working Paper ; No. 537
Umfang:
1 Online-Ressource (34 p)
Sprache:
Englisch
DOI:
10.2139/ssrn.1158090
Identifikator:
Entstehung:
Anmerkungen:
Nach Informationen von SSRN wurde die ursprüngliche Fassung des Dokuments July 10, 2008 erstellt
Beschreibung:
This paper argues that institutionally rich stock-flow consistent models - that is, models in which economic agents are identified with the main social categories/institutional sectors of actual capitalist economies, the short period behavior of these agents is thoroughly described, and the period by period balance sheet dynamics implied by the latter is consistently modeled - are (1) perfectly compatible with Keynes's theoretical views; (2) the ideal tool for rigorous Post Keynesian analyses of the medium run; and, therefore, (3) crucial to the consolidation of the broad Post Keynesian research program