A stock‐flow consistent macro‐econometric model of the UK economy—part I | Zendy

Davis E. P. | Zendy

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A stock‐flow consistent macro‐econometric model of the UK economy—part I

Author(s) -

Davis E. P.

Publication year - 1987

Publication title -

journal of applied econometrics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 2.878

H-Index - 99

eISSN - 1099-1255

pISSN - 0883-7252

DOI - 10.1002/jae.3950020204

Subject(s) - macro , stock (firearms) , economics , econometric model , econometrics , macroeconomics , economy , computer science , engineering , mechanical engineering , programming language

This paper surveys briefly the main theoretical developments in the analysis of stock and flow integration in macro‐economics, then proceeds to use this corpus of theory as a critique of the structure of existing macro‐econometric models of the British economy. An outline is then suggested for a model which would take all of these stock‐flow effects into account, given the macro‐economic data currently available. In a following paper (Davis, 1987) we give a detailed account of estimation and simulation of such a stock‐flow consistent model.

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