A SIMPLIFIED, ‘BENCHMARK’, STOCK‐FLOW CONSISTENT POST‐KEYNESIAN GROWTH MODEL

Abstract

ABSTRACT Despite being arguably one of the most active areas of research in heterodox macroeconomics, the study of the dynamic properties of stock‐flow consistent (SFC) growth models of financially sophisticated economies is still in its first steps. This paper attempts to offer a contribution to this line of research by presenting a simplified SFC Post‐Keynesian growth model with well‐defined dynamic properties and using it to shed light on the merits and limitations of the current heterodox SFC literature.