One Response to “New model in Excel”

  1. rvaucbns says:

    Thanks for this. i had thought about doing something similar after getting through the first 4 chapters of ME.

    I’m still a bit hazy about the time periods though, As I understand it the time periods are not to be given any particular significance.
    So for a given ‘spend’ by Govt you have a multiplier effect acting on consumption, wealth, taxes, disposable income and National income (SIM model) that all coverge to a steady state value because of the inclusion of a propensity to consume (or accumulate wealth) factor in the consumption function based on the results of the previous, for want of a better word, ‘iteration’

    Have I got that right ?

    Thanks

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