Revisiting "New Cambridge": The three financial balances in a general stock-flow consistent applied modeling strategy

Arbeitspapier

This paper argues that modified versions of the so-called 'New Cambridge' approach to macroeconomic modeling are both quite useful for modeling real capitalist economies in historical time and perfectly compatible with the 'vision' underlying modern Post-Keynesian stock-flow consistent macroeconomic models. As such, New Cambridge-type models appear to us as an important contribution to the tool kit available to applied macroeconomists in general and to heterodox applied macroeconomists in particular.

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: Working Paper ; No. 594

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Current Heterodox Approaches: General ; Methodology for Collecting, Estimating, and Organizing Macroeconomic Data; Data Access ; General Aggregative Models: Keynes; Keynesian; Post-Keynesian
• Thema: stock-flow vonsistent models ; New Cambridge ; aggregate financial balances ; heterodox applied macroeconomics

Beteiligte, Orts- und Zeitangaben

• Ereignis: Geistige Schöpfung
• (wer): dos Santos, Claudio H. ; e Silva, Antonio C. Macedo
• Ereignis: Veröffentlichung
• (wer): Levy Economics Institute of Bard College
• (wo): Annandale-on-Hudson, NY
• (wann): 2010

Weitere Informationen

• Handle: http://hdl.handle.net/10419/56946
• Letzte Aktualisierung: 10.03.2025, 11:42 MEZ