The Stock-Flow Consistent Approach: Selected Writings of Wynne Godley

Hardcover | January 15, 2012

EditorMarc Lavoie, Gennaro Zezza

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A collection of papers from an eminent economist, Wynne Godley, focusing on the stock-flow coherent method, which formed the core of his contribution to the discipline. Chapters trace the development of Professor Godley's theoretical work, and include prescient discussions of the European Union and its monetary policy.

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A collection of papers from an eminent economist, Wynne Godley, focusing on the stock-flow coherent method, which formed the core of his contribution to the discipline. Chapters trace the development of Professor Godley's theoretical work, and include prescient discussions of the European Union and its monetary policy.

MARC LAVOIE is Professor in the Department of Economics at the University of Ottawa, Canada.He has published over 175 articles in refereed journals and books. He is also on the editorial board or advisory board of several journals. He is a specialistin monetary economics, growth theory, and macroeconomic policy. GENNARO ZEZZA is Assoc...

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Format:HardcoverDimensions:304 pages, 9.69 × 5.65 × 0.97 inPublished:January 15, 2012Publisher:Palgrave MacmillanLanguage:English

The following ISBNs are associated with this title:

ISBN - 10:0230293115

ISBN - 13:9780230293113

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Table of Contents

Introduction; M.Lavoie& G.Zezza
PART I: EARLY VIEWS ON THE STOCK-FLOW COHERENT APPROACH
Inflation Accounting of Whole Economic Systems
Time, Increasing Returns and Institutions in Macroeconomics
PART II: STOCK-FLOW COHERENCE AND ECONOMIC THEORY
An Important Inconsistency at the Heart of the Standard Macroeconomic Model
Weaving Cloth from Graziani's Thread: Endogenous Money in a Simple (But Complete) Keynesian Model
Macroeconomics without Equilibrium or Disequilibrium
Kaleckian Models of Growth in a Coherent Stock-Flow Monetary Framework
PART III: STOCK-FLOW COHERENCE AND ECONOMIC POLICY
A Simple Model of Three Economies with Two Currencies: The Eurozone and the USA
Maastricht and All That
Fiscal Policy in a Stock-Flow Consistent Model
Seven Unsustainable Processes: Medium-Term Prospects and Policies for the United States and the World
Bibliography