This package allows to simulate Post-Keynesian Stock-Flow Consistent Models, following the approach of Godley, W. and M. Lavoie, 2007: Monetary Economics An Integrated Approach to Credit, Money, Income, Production and Wealth. Palgrave MacMillan, New York. The package uses the Gauss-Seidel algorithm to solve linear systems of equations, following the approach found in Kinsella, Stephen and O’Shea, Terence, Solution and Simulation of Large Stock Flow Consistent Monetary Production Models Via the Gauss Seidel Algorithm (December 21, 2010). Available at SSRN: http://ssrn.com/abstract=1729205 or http://dx.doi.org/10.2139/ssrn.1729205
This package works with R, more information about R can be found here: http://www.r-project.org. I recomend to use R studio (http://www.rstudio.com) for its simplicity, but any other solution will work.
I thank David O’Sullivan and Hamid Raza for their valuable help in developping the package. I gratefully acknowledge the support of the Institute for New Economic Thinking.
- The source code of the package can be found in the folder Package
- The folder Tutorials contains descriptions of how to install and use the package in R
- Each tutorial is described below the contents and can be downloaded as a pdf file.
- You will need to download the PKSFC_x.y.tar.gz file and install it, as described in the first tutorial
- Godley and Lavoie DAGs contains DAG representation of all model presented in their book
- The last version of the package is found in the PKSFC_x.y.tar.gz. Download it to install the package without having to download the source code.
Copyright (c) 2013 Antoine Godin
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