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| Title: | | Revisiting "New Cambridge": The three financial balances in a general stock-flow consistent applied modeling strategy  |
| Authors: | | dos Santos, Claudio H. e Silva, Antonio C. Macedo |
| Issue Date: | | 2010 |
| Series/Report no.: | | Working paper, Levy Economics Institute 594 |
| Abstract: | | This paper argues that modified versions of the so-called 'New Cambridge' approach to macroeconomic modeling are both quite useful for modeling real capitalist economies in historical time and perfectly compatible with the 'vision' underlying modern Post-Keynesian stock-flow consistent macroeconomic models. As such, New Cambridge-type models appear to us as an important contribution to the tool kit available to applied macroeconomists in general and to heterodox applied macroeconomists in particular. |
| Subjects: | | stock-flow vonsistent models New Cambridge aggregate financial balances heterodox applied macroeconomics |
| JEL: | | B50 C82 E12 |
| Document Type: | | Working Paper |
| Appears in Collections: | | Working Papers, Levy Economics Institute of Bard College
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