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Published in 2020 at "International Review of Financial Analysis"
DOI: 10.1016/j.irfa.2020.101547
Abstract: Abstract We develop a stock-flow consistent model to describe a macroeconomic system consisting of households, firms, the government, the central bank, and banks. The framework is based on the balance sheets of all sectors, in…
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Keywords:
integrated model;
money;
model;
creation within ... See more keywords