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