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Claudio H. Dos Santos, Gennaro Zezza (2007) A Simplified, “Benchmark”, Stock-Flow Consistent Post-Keynesian Growth Model, Levy Economics Institute, Working Paper, n. 503


Abstract: Despite being arguably one of the most active areas of research in heterodox macroeconomics, the study of the dynamic properties of stock-flow consistent (SFC) growth models of financially sophisticated economies is still in its early stages. This paper attempts to offer a contribution to this line of research by presenting a simplified Post-Keynesian SFC growth model with well-defined dynamic properties, and using it to shed light on the merits and limitations of the current heterodox SFC literature.

Keywords: Post-Keynesian Growth, Real-financial Interactions, Stock-flow Consistency

November 13, 2010 | Comments Closed