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5 publications found, searching for 'Marc Lavoie '
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Working Paper No. 606August 02, 2010
Changes in Central Bank Procedures during the Subprime Crisis and Their Repercussions on Monetary Theory
AbstractThe subprime financial crisis has forced several North American and European central banks to take extraordinary measures and to modify some of their operational procedures. These changes have made even…more
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Working Paper No. 494April 29, 2007
Fiscal Policy in a Stock-flow Consistent (SFC) Model
AbstractThis paper deploys a simple stock-flow consistent (SFC) model in order to examine various contentions regarding fiscal and monetary policy. It follows from the model that if the fiscal stance…more
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Working Paper No. 441February 18, 2006
Prolegomena to Realistic Monetary Macroeconomics
AbstractThis paper sets out a rigorous basis for the integration of Keynes-Kaleckian macroeconomics (with constant or increasing returns to labor, multipliers, markup pricing, et cetera) with a model of the…more
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Working Paper No. 325March 01, 2001
Endogenous Money in a Coherent Stock-flow Framework
AbstractA method advocated by Wynne Godley to model monetary macroeconomics, is presented. The method, based on a transactions matrix, essentially makes sure that every flow goes somewhere and comes from…more
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Working Paper No. 302June 01, 2000
Kaleckian Models of Growth in a Stock-flow Monetary Framework
AbstractThis paper presents a simple growth model grounded in a stock-flow monetary accounting framework. The framework ensures that all stocks and all flows are accounted for and that the real…more
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