Stock-flow consistent model

Stock-flow consistent models (SFC) are a family of macroeconomic models based on a rigorous accounting framework, that seeks to guarantee a correct and comprehensive integration of all the flows and the stocks of an economy. These models were first developed in the mid-20th century but have recently become popular, particularly within the post-Keynesian school of thought.[1][2] Stock-flow consistent models are in contrast to dynamic stochastic general equilibrium models, which are used in mainstream economics.

  1. ^ Eugenio Caverzasi, Antoine Godin: Post-Keynesian stock-flow-consistent modelling: a survey In: Cambridge Journal of Economics 39(1), 2015, pp. 157–187, doi:10.1093/cje/beu021.
  2. ^ Michalis Nikiforos, Gennaro Zezza: Stock-Flow Consistent Macroeconomics Models: A Survey. In: Journal of Economic Surveys 31(5), 2017, pp. 1204–1239, doi:10.1111/joes.12221.