Publications
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15 publications found, searching for 'Claudio H. Dos Santos '
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Working Paper No. 594May 08, 2010
Revisiting “New Cambridge”: The Three Financial Balances in a General Stock-flow Consistent Applied Modeling Strategy
AbstractThis paper argues that modified versions of the so-called “New Cambridge” approach to macroeconomic modeling are both quite useful for modeling real capitalist economies in historical time and perfectly compatible…more
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Working Paper No. 567June 01, 2009
Revisiting (and Connecting) Marglin-Bhaduri and Minsky
AbstractMany heterodox strands of thought share both a concern with the study of different phases or growth regimes in the history of capitalism and the use of formal short-run models…more
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Working Paper No. 537July 09, 2008
The Keynesian Roots of Stock-flow Consistent Macroeconomic Models
AbstractThis paper argues that institutionally rich stock-flow consistent models—that is, models in which economic agents are identified with the main social categories/institutional sectors of actual capitalist economies, the short period…more
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Working Paper No. 503June 26, 2007
A Simplified “Benchmark” Stock-flow Consistent (SFC) Post-Keynesian Growth Model
AbstractDespite 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…more
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Strategic AnalysisSeptember 06, 2005
The United States and Her Creditors
AbstractThe main arguments in this paper can be simply stated: 1) If output in the United States grows fast enough to keep unemployment constant between now and 2010, and if…more
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Working Paper No. 421April 07, 2005
A Simplified Stock-flow Consistent Post-Keynesian Growth Model
AbstractDespite being arguably the most rigorous form of structuralist/post-Keynesian macroeconomics, stock-flow consistent models are quite often complex and difficult to deal with. This paper presents a model that, despite retaining…more
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Strategic AnalysisMarch 01, 2005
How Fragile Is the US Economy?
AbstractAs we projected in a previous Strategic Analysis, the United States’ economy experienced growth rates higher than 4 percent in 2004. The question we want to raise in this Strategic…more
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Working Paper No. 408May 25, 2004
Keynesian Theorizing during Hard Times
AbstractThis paper argues that the Stock-Flow Consistent Approach to macroeconomic modeling can be seen as a natural outcome of the path taken by Keynesian macroeconomic thought in the 1960s and…more
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Strategic AnalysisApril 01, 2004
Is Deficit-financed Growth Limited?
AbstractWynne Godley, our Levy Institute colleague, has warned since 1999 that the falling personal saving and rising borrowing trends that had powered the US economic expansion were not sustainable. He…more
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Working Paper No. 403February 25, 2004
A Stock-flow Consistent General Framework for Formal Minskyan Analyses of Closed Economies
AbstractThis paper reviews the general tenets of "stock-flow consistent" and the "formal Minskyan" literatures and argues that the advantages and weaknesses of the latter become clearer when analyzed with the…more
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Working Paper No. 402February 01, 2004
A Post-Keynesian Stock-flow Consistent Macroeconomic Growth Model
AbstractStock-flow consistent models may be considered the rallying point for heterodox authors interested in modeling macroeconomic relations, since these models incorporate real and financial relations in an entirely consistent way,…more
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Strategic AnalysisOctober 01, 2003
Deficits, Debts, and Growth
AbstractThese are fast-moving times. Two years ago, the Congressional Budget Office (CBO, 2001) projected a federal budget surplus of $172 billion for fiscal year 2003. Within a year, the projected…more
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Policy Note No. 6September 03, 2003
Is International Growth the Way Out of US Current Account Deficits?
AbstractThe current account deficit of the United States has been growing steadily as a share of GDP for more than a decade. It is now at an all-time high, over…more
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Working Paper No. 387September 01, 2003
Measures of the Real GDP of US Trading Partners
AbstractThis paper provides the details of the construction of new quarterly measures of the real GDPs of the 36 trading partners that are taken into consideration by the Federal Reserve…more
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Strategic AnalysisNovember 01, 2002
Is Personal Debt Sustainable?
AbstractThe long economic expansion was fueled by an unprecedented rise in private expenditure relative to income, financed by a growing flow of net credit to the private. On the surface,…more
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