SFC Stock-Flux Consistent Model in post-Keynesian thought
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Abstract
This paper is a detailed analysis of the SFC paradigm in the Post-Keynesian thought by Lavoie and Godley
(2001-2002), based on cash flows between macroeconomic clusters in the form of an input and output
matrix among the components of the real economy, (Households, Enterprises, banks) as a basic model.
Whose ideas did Dos Santos and Zezza (2004) by from to merging other sectors, within the same closed
economy by adding the central bank and the government, How Zezza (2008) tried to explain the crisis of the
United States in 2008, expand.
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References
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