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

Kód výsledku v 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>

Výsledek na webu

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DOI - Digital Object Identifier

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Jazyk výsledku

angličtina

Název v původním jazyce

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

Popis výsledku v původním jazyce

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.

Název v anglickém jazyce

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

Popis výsledku anglicky

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.

Druh

D - Stať ve sborníku

CEP obor

AH - Ekonomie

OECD FORD obor

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Projekt

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Návaznosti

S - Specificky vyzkum na vysokych skolach

Rok uplatnění

2014

Kód důvěrnosti údajů

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Název statě ve sborníku

New Economic Challenges, 5th International PhD Students Conference

ISBN

9788021071407

ISSN

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e-ISSN

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Počet stran výsledku

12

Strana od-do

179-190

Název nakladatele

Masarykova univerzita

Místo vydání

Brno

Místo konání akce

Brno

Datum konání akce

1. 1. 2014

Typ akce podle státní příslušnosti

EUR - Evropská akce

Kód UT WoS článku

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