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Liquidity preference, uncertainty, and recession in a stock-flow consistent model (2012)
Journal Article
Dafermos, Y. (2012). Liquidity preference, uncertainty, and recession in a stock-flow consistent model. Journal of Post Keynesian Economics, 34(4), 749-776. https://doi.org/10.2753/PKE0160-3477340407

This paper develops a stock-flow consistent model that explicitly integrates the role of liquidity preference and perceived uncertainty into the decision-making process of households, firms, and commercial banks. Emphasis is placed on (1) the link be... Read More about Liquidity preference, uncertainty, and recession in a stock-flow consistent model.