A “Minsky crisis” in a Stock-Flow Consistent model by Tarik Mouakil

“…This study uses the Stock-Flow Consistent modelling approach to assess the relevance of Minsky’s demonstration of his financial instability hypothesis. …”
Get full text

Financialized growth regime: lessons from Stock Flow Consistent models by Luis Reyes, Jacques Mazier

“…The financialized growth rate that settled in most developed economies in the nineties is characterized by the quest for higher shareholders’ profitability, increased financial accumulation at the expense of productive accumulation and the use of leverage effects. Stock Flow Consistent models à la Godley and Lavoie are well suited to analyze this growth regime. …”
Get full text

Stock-Flow Consistent Modeling of Default Events Sequence in a Closed Economy by Ihor Voloshyn

“…On the basis of the balance sheet and transactions-flows matrices, this study further constructs a stock-flow consistent model of the closed economy. We also provide the results of a numerical simulation and argue that our model allows studying how such key parameters as the probability of default, the rate of fire-sales (new injected parameter), the recovery rate, and interest rates on loans and deposits affect the performance of banks and firms, observing economic dynamics in time.…”
Get full text

Securitization, Housing Market and Banking Sector Behavior in a Stock-Flow Consistent Model by Olimpia Fontana, Antoine Godin

Get full text

Jamel Saadaoui, Déséquilibres globaux, taux de change d’équilibre et modélisation stock-flux cohérente by Jamel Saadaoui

Subjects: Get full text

Selecting the Government Financial Rule for Reducing the Negative Effects of the Oil Sanctions on the Selected Macroeconomic Variables in Iran: Adopting the Stock-Flow Consistent Model by MohammadAli Maghsoudpour, Mostafa Salimifar, Narges Salehnia

Subjects: Get full text

Pour une macroéconomie monétaire dynamique et complexe by Pascal Seppecher

Subjects: Get full text

Les développements récents de la macroéconomie post-keynésienne by Angel Asensio, Sébastien Charles, Dany Lang, Edwin Le Heron

Subjects: Get full text

The debate about Sraffian Supermultiplier Model and the future of heterodox growth models by Jose Luís da Costa Oreiro, Guilherme Jonas Costa da Silva, Júlio Fernando Costa Santos

Subjects: Get full text

Price competition, inter-firms relationships, bank discrimination and wage inequalities: a post keynesian perspective by Jordan Melmiès, Thomas Dallery

Subjects: Get full text

A stock-flow consistent input–output model with applications to energy price shocks, interest rates, and heat emissions by Matthew Berg, Brian Hartley, Oliver Richters

Subjects: Get full text

Thomas Dallery, Le divorce rentabilité/croissance dans le capitalisme financiarisé. Changements de régimes, équilibres, instabilités et conflits by Thomas Dallery

“…The macroeconomic realisation of profits being determined by capitalists’ spendings, the slowdown of accumulation cannot come (theoretically) with a profitability recovery, others things being equal.After having recalled, in a first chapter, that financialisation is only the last avatar of a long trend for capitalism to escape from real economy, we show, in a second chapter, that financialisation leads, for the individual firm, to a reorientation towards shareholders’ profitability claims at the expense of managers and capital accumulation, financial (indebtedness) and real (capacity utilisation) security, and also of workers (real wage).After having faced, in a third chapter, two methodological, embarrassing questions for kaleckian models of growth and distribution (not very plausible and unstable for the most plausible ones), we use, in a fourth chapter, a second macroeconomic approach (stock-flow consistent model) where conflict impacts distribution (conflict inflation) and accumulation (growth/profit trade-off). …”
Get full text

Accounting for Financialization: Stock-Flow-Consistent Political Economy by Amelia Correa, Romar Correa

“…The distinction between National Income accounting and stock-flow-consistent modelling is showcased. Also, the political economy foundations of financial economics are unearthed. …”
Get full text