Fiscal Policy in a Stock - Flow Consistent ( SFC ) Model by Wynne Godley and Marc Lavoie * April 2007

نویسندگان

  • Wynne Godley
  • Marc Lavoie
  • Ken Coutts
  • Peter Docherty
چکیده

برای دانلود رایگان متن کامل این مقاله و بیش از 32 میلیون مقاله دیگر ابتدا ثبت نام کنید

ثبت نام

اگر عضو سایت هستید لطفا وارد حساب کاربری خود شوید

منابع مشابه

Kaleckian Models of Growth in a Stock Flow Monetary Framework : A Neo - Kaldorian

This paper integrates a stock-flow monetary accounting framework, as proposed by Godley and Cripps (1983) and Godley (1993, 1996, 1999), with Kaleckian models of growth, as proposed by Rowthorn (1981), Dutt (1990) and Lavoie (1995). Our stock-flow accounting is related to the social accounting matrices (SAM) originally developed by Richard Stone in Cambridge, with double-entry bookkeeping used ...

متن کامل

Regime-changes in a Stock-flow-consistent Model

We explore the dynamical properties of the Godley-Lavoie model with a focus on Central Bank horizons. The stability properties of modes of regulation are traced from a regime of private bank money to the current crisis with the Central Bank levers of short-term bonds issue to the emerging policy regime of long-term bonds as built-in stabilizers.

متن کامل

The design of monetary institutions: an accounting and economics perspective

We enter meeting ground between two agendas of the heterodox economics programme; the stock-flow-consistent models pioneered by Wynne Godley, and the monetary circuit approach researched in France and Italy. The objective is to present a National Income accounting approach to two innovations in payments mechanisms: deposit-creating institutions and conditional cash transfers.

متن کامل

Investigating the Impact of Fiscal Policies on Capital Market Returns in Selected Oil Exporting Countries

Fiscal policies are one of the most important policies that are used in the field of demand management. Implementing fiscal policies is one of the most important policy-making tools to achieve macroeconomic goals such as Distribution ‌Fair ‌Income, ‌Increasing ‌Rate ‌Growth ‌Economic ‌And ‌Employment ‌And Stabilizing ‌Price. Since economic policies have a significant impact on financial mark...

متن کامل

تاثیر شوک‌های سیاست پولی و مالی بر بازار سهام ایران

In recent decades the development of capital markets in developing countries, economic growth is desirable to have. Developed countries owe much of its development direction of financial markets, especially the stock market knows. The stock market is precisely the collection of savings and private capital to finance investment projects and on the other hand, an official and is confident that th...

متن کامل

ذخیره در منابع من


  با ذخیره ی این منبع در منابع من، دسترسی به آن را برای استفاده های بعدی آسان تر کنید

عنوان ژورنال:

دوره   شماره 

صفحات  -

تاریخ انتشار 2007