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- W2800817812 abstract "The focus in this chapter is on Wynne Godley and Marc Lavoie’s contribution to stock-flow consistent macroeconomics. The Godley and Lavoie models describe economies as systems of shifting and interlocking balance sheets, evolving through time. A simplified open economy stock-flow consistent model of a growing economy is outlined, used to carry out a policy experiment concerning the relative effectiveness of monetary and fiscal policy, in order to show that fiscal policy is the appropriate demand management tool for the maintenance of full employment and sustainable prosperity. This is linked to the use of a job guarantee to identify the appropriate fiscal stance for this purpose." @default.
- W2800817812 created "2018-05-17" @default.
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- W2800817812 date "2018-01-01" @default.
- W2800817812 modified "2023-09-26" @default.
- W2800817812 title "Stock-Flow Consistent Monetary Economics" @default.
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- W2800817812 doi "https://doi.org/10.1007/978-3-319-90981-3_6" @default.
- W2800817812 hasPublicationYear "2018" @default.
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