WIP replication of Khalid Saeed's draft paper presented by the Economics chapter of the SD Society in Sept 2019 youtube video
Unlinking public finance and taxation in fiat currency
Launch page for Macroeconomics Textbook 2019 by Mitchell, Wray and Watts. There is also a book companion site
Macroeconomics Textbook Overview
Goodwin cycle IM-2010 with debt and taxes added, modified from Steve Keen's illustration of Hyman Minsky's Financial Instability Hypothesis "stability begets instability". This can be extended by adding the Ponzi effect of borrowing for speculative investment.
Clone of Minsky Financial Instability Model
Unfortunately, this model only produces the illusion of functioning, but I did manage to get it to give me the graph. However, because of the use of flows, if you change the time step to and the simulation length to anything other than the same numbers, you'll find the graph showing something that looks more exponential. This is due to the function referencing itself in regards to time, so inevitably each time consumption grows it changes the outcome on the other side of the equation. Still, this is a convincing mock up. I added a "45 degree" line so that one could conceivably see (and also change) the difference made by altering the level of autonomous consumption.
Clone of Keynesian Macroeconomics
From Bill Mitchell and Warren Mosler December2018 billy blog entry and mosler's MMT white paper (google docs) 2019. Some highly aggregated stocks and flows and boundaries introduced.
Clone of The essence of MMT
Overview of Ch 26 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
Stabilising the Unstable Economy
Unfortunately, this model only produces the illusion of functioning, but I did manage to get it to give me the graph. However, because of the use of flows, if you change the time step to and the simulation length to anything other than the same numbers, you'll find the graph showing something that looks more exponential. This is due to the function referencing itself in regards to time, so inevitably each time consumption grows it changes the outcome on the other side of the equation. Still, this is a convincing mock up. I added a "45 degree" line so that one could conceivably see (and also change) the difference made by altering the level of autonomous consumption.
Clone of Keynesian Macroeconomics
Figs 1 and 2 of David HArvey's Companion to Marx's Grundrisse illustrating the circulation of money and value in capitalism, dubbed as "value in motion" Also Waterstone and Chomsky Consequences of Capitalism Book
Marx and Circulation of Capital and Money
WIP Exttension of IM-172005 Simulation of Goodwin01 Minsky Model. Compare with Part3 slide 5 of presentation in patreon
Clone of Goodwin02 Minsky Simulation Keen Economic Dynamics Aug2019
Summary of Ch 14 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
The Macroeconomic Demand for Labour
Scratch build of a stock-flow consistent model of a closed economy, based on a current transactions matrix
Closed Economy
Summary of Ch 12 of Mitchell Wray and Watts Textbook see IM-164967 for book overview. Compare with SD CLD IM-169071
Clone of Keynes and the Classics
Summary of Ch 21 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
Fiscal Policy in Sovereign Nations
Summary of Ch 23 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
Monetary Policy in Sovereign Nations
Goodwin business cycle model, modified from Keen and Blatt
Clone of Goodwin Business Cycle
WIP based mostly on Jan
Toporowski
2013 vol 1 and
2018 vol 2 books on Michal Kalecki: An Intellectual Biography
Layout Consistent with David Wheat MacroEconomic model CLD Insight by Gene Bellinger
Kalecki economic thought
Goodwin business cycle model, modified from Keen and Blatt
Clone of Goodwin Business Cycle
Goodwin cycle IM-2010 with debt and taxes added, modified from Steve Keen's illustration of Hyman Minsky's Financial Instability Hypothesis "stability begets instability". This can be extended by adding the Ponzi effect of borrowing for speculative investment.
Clone of Minsky Financial Instability Model
WIP of Rammelt's 2019 System Dynamics Review Article which has STELLA and Minsky software versions as supplements. Compare with the older IM-2011 version
Clone of Simplified Keen Goodwin Minsky Financial Instability model
Goodwin business cycle model, modified from Keen and Blatt
Clone of Goodwin Business Cycle
Summary of Ch 19 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
Clone of Full Employment Policy
WIP based on Bill mitchell's blogs
Sectoral balances are relationships among money flows during an accounting period. Where we perceive accumulations of past imbalances to be accrued is another matter....
Clone of MMT Fiscal position
WIP of Rammelt's 2019 System Dynamics Review Article which has STELLA and Minsky software versions as supplements. Compare with the older IM-2011 version
Clone of Simplified Keen Goodwin Minsky Financial Instability model
Goodwin Model:
This is a basic version of the Goodwin Model based on Kaoru Yamagushi (2013), Money and Macroeconomic Dynamics, Chapter 4.5 (link)
Equilibrium conditions:
Devation from the equilibrium conditions generates growth cycles.
Clone of Goodwin Model
