Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/31478
Authors: 
Silva, Antonio Carlos Macedo e
Year of Publication: 
2008
Series/Report no.: 
Working papers // The Levy Economics Institute 537
Abstract: 
This paper argues that institutionally rich stock-flow consistent modelsthat is, models in which economic agents are identified with the main social categories/institutional sectors of actual capitalist economies, the short period behavior of these agents is thoroughly described, and the period by period” balance sheet dynamics implied by the latter is consistently modeledare (1) perfectly compatible with John Maynard Keynes’s theoretical views, (2) the ideal tool for rigorous post-Keynesian analyses of the medium run, and (3) therefore crucial to the consolidation of the broad post-Keynesian research program.
Subjects: 
Stock-flow Consistency
Medium-run Analyses
Post Keynesian Macroeconomics
JEL: 
B50
E12
Document Type: 
Working Paper

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