On the second day we introduce an investment function and explore model properties by shocking parameters.
Lab Files #2
Rename the .txt file to .prg to run it into Eviews
Finally we prepare a more complex accounting structure for the last lab exercise (excel file)
Stock-flow models lab at Levy
In the first day at the stock-flow lab at the Minsky Summer Seminar we show how to build a very simple model.
Files from Class #1
We note that although the accounting is consistent, the model structure is inconsistent since the stock of capital is growing while gdp converges to a steady state.
Warning for those who already downloaded the zip file! The program file I published yesterday was incomplete. I have now updated it, please download it again.
An interview with Marc Lavoie
Philip Pilkington is publishing a very interesting interview with Marc Lavoie on Monetary economics
Stock-flow modeling at the Levy
The Levy Institute organizes the 2012 Minsky Summer Seminar, which will include a rich series of lectures on financial balances, stock-flow consistent models, and a stock-flow lab. We will publish teaching materials from the lab later on.