sameeksha Current Issue : VOL 45 No. 35 August 28 - September 03, 2010    See Full Contents>>
     Article Details
    Stock-Flow Norms and Systemic Stability   (18th March 2006)
     Romar Correa
          We offer a dynamical systems translation of the Godley and Cripps (1983) framework. Stability of an economy is shown to depend on the concatenation of four parameters: a steady-state money income ratio, a speed-of-adjustment-of-assets coefficient, an inventory accumulation index, and the share of government in aggregate income.


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