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The Sector Financial Balances Model of Aggregate Demand

7 Pages Posted: 12 Dec 2010  

Scott T. Fullwiler

Wartburg College; Bard College - The Levy Economics Institute

Date Written: July 29, 2009

Abstract

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.

Keywords: sector financial balances, aggregate demand

JEL Classification: E1, E2, E3

Suggested Citation

Fullwiler, Scott T., The Sector Financial Balances Model of Aggregate Demand (July 29, 2009). Available at SSRN: https://ssrn.com/abstract=1723767 or http://dx.doi.org/10.2139/ssrn.1723767

Scott T. Fullwiler (Contact Author)

Wartburg College ( email )

222 Ninth St. NW
Waverly, IA 50677
United States

Bard College - The Levy Economics Institute ( email )

Blithewood
Annandale-on-Hudson, NY 12504-5000
United States

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