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Stock-Flow Consistent (SFC) models are a family of macroeconomic models based on a rigorous accounting framework, which guarantees a correct and comprehensive integration of all the flows and the stocks of an economy. These models were first developed in the mid 20th century but have recently become popular, particularly within the post-Keynesian school of thought.〔Caverzasi, E., & Godin, A. (2014). Post-Keynesian stock-flow-consistent modelling: a survey. Cambridge Journal of Economics〕 ==Background== The accounting framework behind stock flow consistent macroeconomic modelling can be traced back to Morris Copeland's development of flow of funds analysis back in 1949.〔 Copeland wanted to understand where the money to finance increases in Gross National Product came from, and what happened to unspent money if GNP declined. He developed a set of tables to show the relationship between flows of income and expenditure and changes to the stocks of outstanding debt and financial assets held in the US economy. James Tobin and his collaborators used features of stock flow consistent modelling including the social accounting matrix and discrete time to develop a macroeconomic model that integrated financial and non-financial variables.〔p.6〕 He outlined the following distinguishing features of his approach in his Nobel lecture 〔http://www.nobelprize.org/nobel_prizes/economic-sciences/laureates/1981/tobin-lecture.pdf〕 # Modelling changes between discrete short-run time periods rather than a long run equilibrium # Tracking changes in stocks of assets held by different groups # Multiple assets with different rates of return, # Modelling of monetary policy operations # Subjecting the demand functions to "adding up constraints" The current SFC models mainly emerged from the separate economic tradition of the Post Keynesians, Wynne Godley being the most famous contributor in this regard.〔 Godley argued in favour of wider adoption of stock flow consistent methods, expressing the view that they would improve the transparency and logical coherence of most macro models〔(【引用サイトリンク】url=http://www.ipc-undp.org/publications/srp/Notes%20on%20the%20Stock-Flow%20Consistent%20Approach%20to%20Macroeconomic%20Modeling.pdf )〕 Current researchers in the SFC approach to macroeconomic modelling are based in University of Limerick, Levy Economics Institute and University of Oxford. 抄文引用元・出典: フリー百科事典『 ウィキペディア（Wikipedia）』 ■ウィキペディアで「Stock-Flow consistent model」の詳細全文を読む スポンサード リンク
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