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An Important Inconsistency at the Heart of the Standard Macroeconomic Model

https://doi.org/10.1080/01603477.2002.11490334
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What this work says

Outgoing claims: the papers this work cites, builds on, or argues with.

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Money, Interest, and Prices: An Integration of Monetary and Value Theory
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The Monetary Mechanism and Its Interaction with Real Phenomena
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Walras' Law and All That: Budget Constraints and Balance Sheet Constraints in Period Models and Continuous Time Models
inferredcites →https://doi.org/10.4337/9781785363573openalex-snapshot
Post-Keynesian Economics

What points at this work

Incoming claims: where this work appears in other papers’ reference lists and arguments.

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Keynes’s Missing Axioms
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The Impact of the Basel III Liquidity Coverage Ratio on Macroeconomic Stability: An Agent-Based Approach
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Monetary Economics: Post-Keynesian Stock-Flow Consistent Approach (PK-SCF) Versus New-Keynesian Dynamic Stochastic General Equilibrium (NK-DSGE)
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STOCK‐FLOW CONSISTENT MACROECONOMIC MODELS: A SURVEY
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Accounting Consistency in Kaleckian Models of Growth and Distribution: a Preliminary Step and a Research Agenda
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The On-Going Price of Perceiving Money as a Veil
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