The Stock-Flow Consistent Approach
Selected Writings of Wynne Godley
1st Edition
Published on 12. December 2011
XXII, 276 pages
978-0-230-35384-8 (ISBN)
Description
Selected essays from the eminent economist, Wynne Godley, tracing the development of his work and illuminating the key theories and models that made his name. Essays focus not only on the stock-flow coherent approach, but also lay out Godley's views about the European Union and the stability of its monetary policy.
More details
Series
Language
English
Place of publication
London
United Kingdom
Publishing group
Palgrave Macmillan UK
Target group
Professional and scholarly
Product notice
Reflowable
Illustrations
XXII, 276 p.
File size
2,95 MB
ISBN-13
978-0-230-35384-8 (9780230353848)
DOI
10.1057/9780230353848
Schweitzer Classification
Other editions
Additional editions
Book
12/2011
Palgrave Macmillan
€106.99
Shipment within 15-20 days
Persons
MARC LAVOIE is Full Professor in the Department of Economics at the University of Ottawa, Canada.He has published over 175 articles in refereed journals and books. He is also on the editorial board or advisory board of several journals. He is a specialist in monetary economics, growth theory, and macroeconomic policy.
GENNARO ZEZZA is Associate Professor in Economics at the Department of Economics of the University of Cassino, Italy, and a Research Scholar at the Levy Institute of Economics, USA. He has published several articles in refereed journals and books. He is a specialist in macroeconomic models, both theoretical and empirical, and in econometrics.
GENNARO ZEZZA is Associate Professor in Economics at the Department of Economics of the University of Cassino, Italy, and a Research Scholar at the Levy Institute of Economics, USA. He has published several articles in refereed journals and books. He is a specialist in macroeconomic models, both theoretical and empirical, and in econometrics.
Content
Introduction; M. Lavoie & G. Zezza PART I: EARLY VIEWS ON THE STOCK-FLOW COHERENT APPROACH Inflation Accounting of Whole Economic Systems Time, Increasing Returns and Institutions in Macroeconomics PART II: STOCK-FLOW COHERENCE AND ECONOMIC THEORY An Important Inconsistency at the Heart of the Standard Macroeconomic Model Weaving Cloth from Graziani's Thread: Endogenous Money in a Simple (But Complete) Keynesian Model Macroeconomics without Equilibrium or Disequilibrium Kaleckian Models of Growth in a Coherent Stock-Flow Monetary Framework PART III: STOCK-FLOW COHERENCE AND ECONOMIC POLICY A Simple Model of Three Economies with Two Currencies: The Eurozone and the USA Maastricht and All That Fiscal Policy in a Stock-Flow Consistent Model Seven Unsustainable Processes: Medium-Term Prospects and Policies for the United States and the World Bibliography
