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Book Sections Year : 2016

Assessing some structuralist claims through a stock-flow framework

Abstract

The principles of the framework put forth by Wynne Godley are being presented. In the second section, an instance of the framework is offered, based on a simple growth model without government debt but with private money. In the third section, some results achieved by running simulations with this model are being presented to enlighten the controversies that have arisen around Minsky’s financial fragility hypothesis. In the fourth section, some of the results achieved by Godley (1999) are being recalled, and some implications with regards to further debates are being drawn.
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Dates and versions

hal-01343648 , version 1 (08-07-2016)

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  • HAL Id : hal-01343648 , version 1

Cite

Marc Lavoie. Assessing some structuralist claims through a stock-flow framework. L.P. Rochon and S. Rossi. Advances in Endogenous Money Analysis, Edward Elgar, 2016. ⟨hal-01343648⟩
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