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
Wagdy Samir work in progress. Addition of Bill Mitchell's draft textbook chapter1 See also The value of everything book IM
MacroEconomics
Summary of Part B Ch 9 and 10 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
Currency Money and Banking
Summary of Ch 23 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
Monetary Policy in Sovereign Nations
Simulation of Goodwin01 Minsky Model CLD in IM-172002 Compare with Part3 slide 3 of presentation in patreon. See extension Goodwin02 at IM-172145
Goodwin Minsky Simulation Keen Economic Dynamics Aug2019
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
Goodwin business cycle model, modified from Keen and Blatt
Clone of Goodwin Business Cycle
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
Summary of Ch 12 of Mitchell Wray and Watts Textbook see IM-164967 for book overview. Compare with SD CLD IM-169071
Keynes and the Classics
From billy blog Japan entries and Ch2 of Mitchell Wray and Watts Textbook see IM-164967 for book overview
Clone of Japan and mainstream macroeconomics
WIP summaries of bill mitchell's blog postings related to the connections between macroeconomics and wellbeing, particularly via unemployment and inflation
Clone of Unemployment and wellbeing
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
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 Summary of Mariana Mazzucato's 2018 book See also IM-901 MacroEc
The Value of Everything
Summary of Ch 27 of Mitchell Wray and Watts Textbook see IM-164967 for book overview See IM-169093 for added dynamic evolutionary economics history
History of Economic Thought
Goodwin business cycle model, modified from Keen and Blatt
Clone of Goodwin Business Cycle
Goodwin business cycle model, modified from Keen and Blatt
Clone of Goodwin Business Cycle
Scratch build of a stock-flow consistent model of a closed economy, based on a current transactions matrix
Clone of Closed Economy
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 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 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
See extension Goodwin02 at IM-172145
Clone of Goodwin Minsky Simulation Keen Economic Dynamics Aug2019
Goodwin business cycle model, modified from Keen and Blatt
Clone of Goodwin Business Cycle
Goodwin business cycle model, modified from Keen and Blatt
Clone of Goodwin Business Cycle
