Journal of Post Keynesian Economics ( IF 0.6 ) Pub Date : 2021-03-15 , DOI: 10.1080/01603477.2020.1840925 Jacques Mazier
Abstract
Godley’s approach is macroeconomic without micro-foundations, based on national accounts with an integrated treatment of the real and financial sides of the economy, stock flow consistent (SFC). In this framework the main economic imbalances at the national and world levels have been usefully analyzed. The SFC approach is well suited to study some of the post-corona period main issues (management of the increasing public debt, specificities of the euro zone system). But the difficulties of the task must not be underestimated (efforts to develop empirical SFC models, modeling the supply side).
中文翻译:
Wynne Godley的遗产
摘要
戈德利的方法是在没有微观基础的情况下进行宏观经济分析,该方法基于国民账户,对经济的实际和财务方面进行了综合处理,存量流量保持一致(SFC)。在这种框架下,对国家和世界各级的主要经济失衡情况进行了有益的分析。证监会的方法非常适合研究电晕后时期的一些主要问题(管理不断增加的公共债务,欧元区体系的特殊性)。但是,任务的困难绝不能低估(开发经验性SFC模型,对供应方进行建模的努力)。