Metodología Stock-Flujo con Contabilidad Consistente (SFCC): una aplicación a la vinculación entre producción y financiamiento: Stock-Flow with Consistent Accounting (SFCC) Methodology: an application to the link between production and financing

Christian De la Luz Tovar; Abigail Rodríguez Nava

doi:10.29105/ensayos35.1-4

Authors

Christian De la Luz Tovar Universidad del Mar, Campus Huatulco
Abigail Rodríguez Nava Departamento de Producción Económica. Universidad Autónoma Metropolitana, Unidad Xochimilco

DOI:

https://doi.org/10.29105/ensayos35.1-4

Keywords:

Stock-Flow Consistent Approach, Post-Keynesian Models, Monetary Economics

Abstract

This paper aims to show the relationship between production and financing decisions in a simple closed-economy model, by the use of the Stock-Flow consistent Approach. Particularly, it aims to explain how the decisions made by some agents affects the decisions made by others, for example, how through the tax rate or the availability of money, effects on consumption and investment are generated.

Downloads

Download data is not yet available.

Author Biographies

Christian De la Luz Tovar, Universidad del Mar, Campus Huatulco

Profesor-Investigador. Universidad del Mar, Campus Huatulco. Ciudad Universitaria, Santa María Huatulco, Oaxaca, México C.P. 70989.

Abigail Rodríguez Nava, Departamento de Producción Económica. Universidad Autónoma Metropolitana, Unidad Xochimilco

Departamento de Producción Económica. Universidad Autónoma Metropolitana, Unidad Xochimilco. Calzada del Hueso No. 1100, Col. Villa Quietud, Delegación Coyoacán, México, D. F., C.P. 04960.

References

Backus, D., Brainard, W. C., Smith, G. y Tobin, J. (1980). “A Model of U.S. Financial and Nonfinancial Economic Behavior”. Journal of Money, Credit and Banking, 12(2), 259–293. DOI: https://doi.org/10.2307/1992063

Copeland, M. A. (1949). “Social Accounting for Money Flows”. The Accounting Review, 24(3), 254–264.

Caverzasi, E. y Godin, A. (2013). “Stock-Flow Consistent Modeling through the Ages”. Levy Economics Institute Working Paper No. 745. DOI: https://doi.org/10.2139/ssrn.2196498

Godley, W. (1996). “Money, Income and Distribution: An Integrated Approach”. Levy Economics Institute of Bard College Working Paper No. 167.

Godley, W. (1997). “Macroeconomics without Equilibrium or Disequilibrium”. Levy Economics Institute of Bard College Working Paper No. 205.

Godley, W. (1999). “Money and Credit in a Keynesian Model of Income Determination”. Cambridge Journal Economics, 23(4), 393-411. DOI: https://doi.org/10.1093/cje/23.4.393

Godley, W. y Cripps, F. (1983). Macroeconomics. Oxford, Reino Unido: Oxford University Press.

Godley, W. y Lavoie, M. (2007). Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth. Londres: Palgrave Macmillan. DOI: https://doi.org/10.1057/9780230626546

Keynes, J. M. (1936). The General Theory of Interest, Employment, and Money. Londres: Harcourt Brace & Co.

Khalil, S. (2011). Price Formation, Income Distribution, and Business Cycles in a Stock-Flow Consistent Monetary Model (tesis doctoral). Universidad de Trento, Italia.

Tobin, J. (1969). “A General Equilibrium Approach to Monetary Theory”. Journal of Money, Credit, and Banking, 1(1), 15-29. DOI: https://doi.org/10.2307/1991374

Tobin, J. (1980). Asset Accumulation and Economic Activity. Chicago, Estados Unidos: University of Chicago Press.

Tobin, J. (1982). “Money and Finance in the Macroeconomic Process”. Journal of Money, Credit and Banking, 14(2), 171–204. DOI: https://doi.org/10.2307/1991638