Production and Wealth. The paper is developed along the following lines. First, a brief
historical analysis investigates the roots of this class of models that can be traced as far back …

The paper explores how the Theory of Monetary Circuit can be developed to reflect some
important features of the evolution of the financial system in the past three decades, which …

The aim of the paper is to provide an overview of the current stock-flow consistent (SFC)
literature. Indeed, we feel the SFC approach has recently led to a blossoming literature …

The stock-flow consistent (SFC) approach to macroeconomic dynamic modelling was
developed in the 2000s by Godley and Lavoie (in Monetary Economics: An Integrated …

This paper aims to cross-breed the standard monetary circuit accounting model with
elements from the Post-Keynesian literature. The goals are:(i) to analyse the implications of …

Our opinion is that the so-called sub-prime mortgage crisis has been a structural crisis of the
US's financial capitalism. In analysing the complex combination of factors that led to those …

We study a monetary version of the Keen model by merging two alternative extensions,
namely the addition of a dynamic price level and the introduction of speculation. We recall …

Is an exit from the euro possible? Is it desirable? We think that to deal with these questions,
which may well not be the right ones just now, what is needed is a preliminary but thorough …

Post Keynesian economics has largely forgotten Steindl's insight that monopolisation of the
corporate sector redistributes profits to those firms least likely to invest them productively …

Bank regulations affect the behaviour of credit and money creation; hence, they are
essential for economic growth and stability. This paper develops an analytical model of the …