BERR, Eric; MONVOISIN, Virginie

doi:10.1080/01603477.2023.2167092

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BERR, Eric

Bordeaux Sciences Economiques [BSE]

MONVOISIN, Virginie
EESC-GEM Grenoble Ecole de Management

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Article de revue

Ce document a été publié dans

Journal of Post Keynesian Economics. 2023-01-23p. 1-19

Résumé en anglais

Stock-flow-consistent models (SFC) and modern monetary theory (MMT) are growing in popularity. Both are part of post-Keynesian theory and provide it with a modeling tool for the former and political proposals for the latter. However, these new modern post-Keynesian approaches share features with monetary circuit theory: their accounting framework, the hierarchy of agents and economic flows, and the importance of the Keynes’s finance motive. This article examined the fundamental elements of these new approaches to establish their links with monetary circuit theory.< Réduire

Mots clés

Accounting

Economic policies

Financing

Mots clés en anglais

Macroeconomics