The Sector Financial Balances Model of Aggregate Demand
Scott T. Fullwiler
Wartburg College; Bard College - The Levy Economics Institute
July 29, 2009
Develops a simple model of aggregate demand that explicitly incorporates the financial sector balances approach of Wynne Godley. Demonstrates how this can be used to understand the 1990s expansion and the recession beginning in late 2000s.
Number of Pages in PDF File: 7
Keywords: sector financial balances, aggregate demand
JEL Classification: E1, E2, E3
Date posted: December 12, 2010
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