This is the third paper of a series of macroeconomic modeling that tries to model macroeconomic dynamics on the basis of the principle of accounting system dynamics developed by the author. Money supply and creation processes of deposits were modeled in the first paper, while second paper built dynamic determination processes of GDP, interest rate and price level. In this paper, these two separate models are integrated to present a complete macroeconomic dynamic model consisting of real and monetary sectors. The integrated model is aimed to be generic, out of which some macroeconomic behaviors are shown to emerge. Specifically equilibrium growth path, business cycles and government debt issues are discussed in this paper.

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Date created

• 2006 July 23-2006 July 27

Type

• Document

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• Processing documentation available at: https://wiki.albany.edu/display/SCA/Processing+Ingested+Digital+Files

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• Creative Commons BY-NC-ND Attribution-NonCommercial-NoDerivs 4.0 International

  
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ITEM CONTEXT

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32937c7b43e3e015509bb71fd40d2054

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Part of

23d738ba88f8333bc39725f9cb5bd0b8

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f9377a3ac7b50b1fca5e04fb6d679ec2

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Collection

System Dynamic Society Records

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• This collection is part of the University Archives