Theme: Mmt As Well As Sfc Models

This article is a listing of my non-time sensitive articles on Modern Monetary Theory (MMT) in addition to Stock-Flow Consistent models. Modern Monetary Theory is an offshoot of Stock-Flow Consistent modelling, then the distinction betwixt them is somewhat arbitrary. I categorise my articles that are to a greater extent than focused on monetary operations every bit existence MMT.

Post-Keynesian Economics

Both Modern Monetary Theory in addition to Stock-Flow Consistent models tin move last grouped inside a wide tent of economical idea that is known every bit post-Keynesian Economics. I volition unremarkably drill downwards to to a greater extent than specific schools of thought, simply it tin move last useful to convey a bigger picture.

• My review of Marc Lavoie's Post Keynesian Economics.

Stock-Flow Consistent Models -- Software

• My Python sfc_models package on GitHub. Installed parcel available on the PyPi parcel index: https://pypi.python.org/pypi/sfc_models/; you lot tin move utilization "pip install sfc_models" on the ascendance describe to install. (Under construction.)
• My programming site (under construction).
• The PKSFC parcel for the R programming language.
• The sfc-models.net software repository: http://models.sfc-models.net/

Stock-Flow Consistent Models -- Theory

• What Are Stock-Flow Consistent Models?
• Primer: Understanding Stock-Flow Norms.
• Finding the Solution of a Simple SFC Model
• Solution Techniques For SFC Models

 Stock-Flow Consistent Models -- Application

• When Should The Budget Be Balanced?
• Why Interest Payments Do Not Pose Fiscal Risk
• Why Influenza A virus subtype H5N1 Hard Debt Limit Is Influenza A virus subtype H5N1 Very Bad Idea 
• Fiscal Policy Trade-Offs: Interest Costs
• Modelling Fiscal Expectations In SFC Models
• Supply Creates Its Own Demand: Government Bond Edition
• Using Stock-Flow Norms To Explain Secular Stagnation , Part 2
• Why Japan's electrical flow describe of piece of employment concern human relationship deficit has non caused a collapse.

External Sites

• sfc-models.net

Books

• Monetary Economics: An Integrated Approach to Credit, Money, Income, Production in addition to Wealth, past times Godley in addition to Lavoie, (Amazon affiliate link) is an first-class introduction to the topic.
• The Stock-Flow Consistent Approach: Selected Writings of Wynne Godley (Amazon affiliate link). This is a laid upwards of articles past times Wynne Godley. Gives examples of application to contemporary issues.

Modern Monetary Theory

Analysis of authorities fiscal operations are an extremely of import purpose of MMT, my articles on authorities fiscal operations are grouped inwards this (sub-)theme article.

• A Quick Chartalism Primer 
• Analysing bonds every bit a reserve drain. 
• Why rich countries should float their currencies - a give-and-take of the "external constraint".
• (Don't Fear) The Taper - why Quantitative Easing is ineffective.
• Understanding Central Bank Control of Interest Rates
• Consequences of a Basic Income Guarantee - contrasted to MMT's Job Guarantee.
• MMT non "Modern" -- cleaning upwards misconceptions most the name.

External Sites:

• Mike Norman Economics. MMT article link hub.
• Eric Tymoigne's gratis mass on coin in addition to banking
• Warren Mosler's site. (Has links to gratis electronic copies of roughly of his books.)
• Bill Mitchell's site.
• Alex Little's MMT Bibliography

Books

My eReport: Understanding Government Finance is an introduction to governmental monetary operations. It could last viewed every bit an introduction to MMT, although it does non endeavour to comprehend all of the areas of involvement inwards MMT. It is available at online retailers; the production page is here.

• Soft Currency Economics II: The Origin of Modern Monetary Theory (MMT - Modern Monetary Theory) (Volume 1) (affiliate link)  by Warren Mosler. (He may convey a pdf version on his website.)
• The vii Deadly Innocent Frauds of Economic Policy (affiliate link) past times Warren Mosler again. (Once again, pdf may last available on his website.)
• Understanding Modern Money:The Key to Full Employment in addition to Price Stability (affiliate link) past times Randall Wray. Influenza A virus subtype H5N1 historically-oriented introduction to MMT.
• Modern Money Theory: Influenza A virus subtype H5N1 Primer on Macroeconomics for Sovereign Monetary Systems (affiliate link) past times Randall Wray. I volition banknote that I convey non read this; I base of operations my recommendation based on his other writings.
• Diagrams & Dollars: Modern Money Illustrated (affiliate link)  by J.D. Alt. Influenza A virus subtype H5N1 graphical, easy-to-understand introduction to MMT inwards an cheap ebook format.

(c) Brian Romanchuk 2013-2015