Stock-flow consistent modelling: An alternative approach for dynamic models

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F00216224%3A14560%2F14%3A00076616" target="_blank" >RIV/00216224:14560/14:00076616 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Stock-flow consistent modelling: An alternative approach for dynamic models
Original language description
This paper looks at the recent development in macroeconomic dynamic modelling. An analysis is focused on stock-flow consistent model as an alternative method to New Keynesian DSGE models. The methodology of stock-flow consistent models is based explicitly on the national accounts. This approach develops accounting view on financial assets and models behaviour of entities, typically sectors in economies. The behaviour is captured by changes in flows of funds and stocks. Due to this feature, SFC models are suitable for studying the effects of imbalances at the aggregate level, particularly possibilities and limitations of monetary and fiscal policy. The following objective of this article is to explain the structure of SFC models (the sectoral approach,transaction flow matrices) and evolutionary character of these models. Moreover are discussed issues dataset problems and agent-based model interconnection.
Czech name
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Czech description
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Publication year
2014
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
New Economic Challenges, 5th International PhD Students Conference
ISBN
9788021071407
ISSN
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e-ISSN
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Number of pages
12
Pages from-to
179-190
Publisher name
Masarykova univerzita
Place of publication
Brno
Event location
Brno
Event date
Jan 1, 2014
Type of event by nationality
EUR - Evropská akce
UT code for WoS article
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