Mainstream macro — key sectors?
Firms and households with market equilibrium assumptions.
Features of SFC Modelling — core principle?
Ensures all stocks and flows are fully accounted for.
Mainstream macro — sectors?
Firms and households only.
Features of SFC Modelling — core?
Stock-flow consistency and detailed accounting.
Principles of SFC Models — focus?
Balancing stocks and flows over time.
Balance Sheet Matrix — purpose?
Captures assets and liabilities interrelations.
Transactions Flow Matrix — role?
Records all financial flows between sectors.
Dynamic SFC analysis — goal?
Study time evolution of stocks and flows.
Key variables in SFC — examples?
Wealth, debt, income, consumption.
Answer 9 questions on Fundamentals of Stock-Flow Consistent Macroeconomics.
1. In analyzing a financial crisis where demand factors and banking sector activities are central, which macroeconomic modeling approach should a researcher most appropriately apply?
2. What does the balance sheet matrix in SFC modelling primarily represent?
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