Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth¶
Godley, W., & Lavoie, M. (2007). Monetary Economics: An Integrated Approach to Credit, Money, Income, Production and Wealth: An Integrated Approach to Credit, Money, Income, Production and Wealth.
Cited by¶
1 citation across 1 artifact.
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Primes¶
- Reservoir-Flux Network
- Macroeconomics. Flow-of-funds and sectoral-balance accounting treat households, firms, government, and rest-of-world as reservoirs whose monetary flows conserve by double-entry bookkeeping.
This sourceDevelops stock-flow-consistent sectoral accounting in which double-entry bookkeeping enforces that one sector's surplus is another's deficit.
- Macroeconomics. Flow-of-funds and sectoral-balance accounting treat households, firms, government, and rest-of-world as reservoirs whose monetary flows conserve by double-entry bookkeeping.
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