Contributions in Stock-flow Modeling: Essays in Honor of Wynne Godley

Front Matter....Pages i-xxii
Wynne Godley’s Economics....Pages 1-11
Godley Moves in Mysterious Ways: The Craft of Economic Judgment in Post-war Britain....Pages 12-35
Godley Got It Right....Pages 36-62
Who Are These Economists, Anyway?....Pages 63-75
A New Look at New Cambridge: Will the UK Private Expenditure Function Stand Up?....Pages 76-124
Three Balances and Twin Deficits: Godley versus Ruggles and Ruggles....Pages 125-136
From Macroeconomics to Monetary Economics: Some Persistent Themes in the Theory Work of Wynne Godley....Pages 137-153
Godley and Graziani: Stock-flow Consistent Monetary Circuits....Pages 154-172
The Stock-flow Consistent Approach with Active Financial Markets....Pages 173-196
Financial Integration and Stabilization in a Monetary Union Without or With Bank Rationing....Pages 197-234
Debt-deflation Traps Within Small Open Economies: A Stock-flow Consistent Perspective....Pages 235-265
A Debate with Wynne Godley on the Neutrality of Fiscal Policy....Pages 266-299
The Effectiveness of Fiscal Policy in the Levy Institute’s Stock-flow Model....Pages 300-320
Of Unsustainable Processes and the US Dollar....Pages 321-348
Squaring the Circle in Euro Land? Some Remarks on the Stability Programmes 2010–13....Pages 349-376
Back Matter....Pages 377-398