Dealing with adaptive expectations in Stock-Flow consistent models
Sign Up to like & getrecommendations! Published in 2019 at "Journal of Post Keynesian Economics"
DOI: 10.1080/01603477.2019.1640067
Abstract: Abstract Stock-flow consistent (SFC) models, in their simulations of the macroeconomic dynamics, have not properly dealt with how households form their expectations about future income flows. Although the majority of SFC models assume some type… read more here.
Keywords: flow consistent; stock flow; dealing adaptive; adaptive expectations ... See more keywords
Testing Piketty’s Hypothesis in Analyzing Factors Affecting Income Inequality in Iran: Stock-Flow Consistent (SFC) Approach
Sign Up to like & getrecommendations! Published in 2021 at "iranian economic review"
DOI: 10.22059/ier.2021.81549
Abstract: Reducing inequality and establishing social justice by balancing the distribution of income and wealth is one of the main concerns of economic policymakers which has been emphasized in the constitution in Iran. Explaining the relationship… read more here.
Keywords: inequality; stock flow; piketty hypothesis; iran ... See more keywords