He and his colleagues have developed a simulink-like application for stock-flow consistent modeling of the macroeconomy. And he's had some important insights from very simple models. He's able to easily switch between the "loanable funds" and "endogenous money" models of lending, for example, and show the consequences of lending to the greater economy under those models. He developed that example in order to get neoclassical economists, like Krugman, to abandoned their fallicious loanable funds model, which multiple central banks have stated quite clearly is flat out wrong.
No I was not, but I’m looking into it right now. I built flow/stock models to help my company’s decision-making processes a few years ago after being exposed to them at a convention in 2012.
He and his colleagues have developed a simulink-like application for stock-flow consistent modeling of the macroeconomy. And he's had some important insights from very simple models. He's able to easily switch between the "loanable funds" and "endogenous money" models of lending, for example, and show the consequences of lending to the greater economy under those models. He developed that example in order to get neoclassical economists, like Krugman, to abandoned their fallicious loanable funds model, which multiple central banks have stated quite clearly is flat out wrong.