SFC modelling

Over the last years, the post-Keynesian stock-flow consistent (SFC) modelling approach has been widely used for the analysis of a plethora of macroeconomic, financial and environmental issues. The material below (co-developed with Maria Nikolaidi) includes some useful information about the theory, the methodology and the simulation of SFC models.

Post-Keynesian SFC modelling: theory and methodology

These slides describe the main features of SFC models, analyse the steps in developing and simulating an SFC model and outline the key topics that have been analysed using the SFC methodology.




Simulating an SFC model: an example

These slides describe a simple SFC model. The R code and the guidelines for the simulation of this model are available here. The model is calibrated using this data for the US economy.