Visualization and stock-flow norms

Hello,

I am writing an economics thesis and chose the stock-flow framework as my subject. I have past experience in system dynamics (SD) from a non-economics perspective and feel very at home with this approach. I am working my way through Monetary Economics and its models to grasp the concepts. It is interesting to think about the models in terms of SD. I have expressed a few of the simpler models in the book as SD models. SD gives very nice visualization and even interactivity, as you can experiment with constants. If anyone is interested I could upload a pic of how it looks.

I am interested in the principles and assumptions that is behind the SFC approach and guidelines for construction; like quadruple entries, stock/flow norms. What sets it apart from the general approach? Has anyone an overview or short description?

All the best,
Anders Vesterberg

2 Responses to “Visualization and stock-flow norms”

  1. Avatar photo Ramanan V says:

    Anders,

    I will be interested in your approach. On the equations which set-up the dynamics.

    You can find a nice essay about SFC by Claudio Dos Santos here :

    Three Essays In Stock Flow Consistent Macroeconomic Modelling

  2. Avatar photo Edwin says:

    Hello Anders,

    There is a researcher that made stock flow consistent models with the system dynamics (SD) software in his Phd thesis: Eric Tymoigne, a french researcher but which has made his research under the supervision of Randy Wray at Kansas City University. Now he has a position of Assistant Professor at the Department of Economics of Lewis and Clark College (615 S.W. Palatine Hill Road Portland, OR 97219). You can contact Eric: etymoigne@lclark.edu

    In a conference in Bordeaux (France) in 2008, we made some links between the SD approach and the SFC under E-views.

    Sincerely,

    Edwin Le Heron

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